Scrapyards are looking to more vintage tonnage, as supply is scarce. In its latest weekly report, Best Oasis (www.best-oasis.com), one of the leading cash buyer of ships said that “in the evaluation of the ship recycling sector this week, the Indian ma…
Ship Recyclers Looking for More Tonnage as Supply Dries Up Read More »
A number of factors have been contributing to the dry bulk market’s weakness of late. In its latest weekly report, shipbroker Intermodal said that “the onset of 2024 has ushered in a downward trend for dry bulk owners. Historically, the initial two mon…
Is the Dry Bulk Market Primed for a Recovery? Read More »
The crude tanker trade out of the US Gulf benefitted significantly from the rise in US crude oil production, beyond any expectation during 2023. However, 2024 could be more challenging, limiting the market’s performance. In its latest weekly report, sh…
Tankers: The US Gulf Market Could Not Repeat 2023’s Performance Read More »
The tanker market has witnessed a seasonal dip during the month of December, OPEC said in its latest monthly report. Dirty spot freight rates experienced a seasonal dip in December despite increased uncertainties along key routes that added upward pres…
Tanker Market: Seasonal Dip Experienced in December Read More »
The dry bulk market’s downturn over the past few days could persist over the coming weeks, as we’re entering a traditionally “soft” patch of each year, around China’s New Year celebrations. In its latest weekly report, shipbroker Xclusiv said that “the…
The Dry Bulk Market’s Latest Headwinds Could Intensify Read More »