Dirty freight rates showed mixed movement in September, OPEC said in its latest monthly report. Despite some strength seen in the second half of the month, VLCCs spot freight rates continued the decline from the peak seen in June. Rates on the Middle E…
Tanker Market Showed Mixed Movement Last Month Read More »
The dry bulk market has grown over the past weeks, as a combination of factors have offered support to the freight rate market. In its latest weekly report, shipbroker Xclusiv said that “the dry market definitely strikes back with BDI at 1,944 points, …
Dry Bulk Market on the Rise Read More »
Dry bulkers have been the “weapon of choice” for ship owners, when it comes to newbuilding orders. In its latest weekly report, shipbroker Allied said that it was “a busier week than the last for reported contracting activity and yet another where addi…
Ship Owners are Stockpiling Bulker Newbuildings Read More »
The lower pricing environment and a lack of interest isn’t expected to move the needle in the ship recycling market, at least not anytime soon. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “holidays in the Far East have limi…
Ship Recycling Market Not Likely to Grow in Activity Read More »
The global fleet of tankers and bulkers has grown substantially over the course of the past decade, both as a result of newbuildings, but also due to the delay in decommissioning older tonnage. In its latest weekly report, shipbroker Xclusiv said that …
Global Fleet Grows by at Least 30% Over the Past Decade Read More »