The ship recycling market has been under pressure for quite some time, marking 2022 as a rather turbulent year. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “, there is some renewed hope that the financial restrictions exper…
Ship Recycling Market Could Come Back to Life Read More »
All signs point towards a 2023 boom year for the tanker market. In its latest weekly report, shipbroker Intermodal said that “while crude tanker freight rates have made a fair bit of gains, especially during the 2H2022, the market holds ample optimism …
Tankers Primed for Success During 2023 Read More »
The newbuilding ordering activity has been lower over the course of the past week, as is the case, traditionally, during the Festive period. In its latest weekly report, shipbroker Allied Shipbroking said that “this week showed a considerable decrease …
Newbuilding Activity Declines as Holiday Season Approaches Read More »
2022 saw a record boom in crude and product tanker freight rates. Geopolitical tensions between Russia and Ukraine reshaped the macroeconomic scene and we entered a new era of changed seaborne oil trade flows. December 5, 2022, was the day the new era …
Crude Tanker Market Ends 2022 on a High Read More »
The Greek shipping fleet is expected to continue its upward trend in 2022 and 2023 across all sectors, even allowing for higher scrapping, Petrofin Research said in a report issued yesterday, detailing the course of the shipping sector in Greece, both …