A record number of new tankers were ordered in 2024 with 435 orders placed across the year, an increase of around 31% year-on-year according to according to Veson Nautical’s ‘2024 End- Of-Year-Report’. The report, compiled by Veson’s data and intellige…
Greek shipping magnates top tanker newbuild order rankings in 2024 Read More »
Uncertainty is bound to be the mainstay of 2025, when it comes to the freight market direction, both the dry bulk and the wet ones. In its latest weekly report, shipbroker Xclusiv said that “the dry bulk market has witnessed a sharp decline in freight …
Shipping: Freight Rate Market Uncertainty to Dominate 2025 Read More »
The global ship recycling market has been under pressure during the start of 2025, following the overall trend of 2024. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships, said that “the global ship recycling ma…
Global Ship Recycling Market Still Under Pressure Read More »
More and more deals are being reported in the S&P market, as things are starting to heat up. In its latest weekly report, shipbroker Banchero Costa said that “in the Ultramax segment NORD MAGELLAN 63,000 dwt 2020 Iwagi built (SS due 2025 BWTS fitte…
Shipping: More S&P Deals Coming Through Read More »
The global demolition activity declined to 368 units being demolished during 2024, versus 449 in 2023 and a further 414 in 2022. In its latest weekly report, shipbroker Intermodal said that “in June 2025, the Hong Kong Convention (HKC) is set to enter …
Global Demolition Activity in 2024 Down to 368 Units Read More »