More newbuilding orders were submitted last week, as owners are eager to book more berths, ahead of a capacity overflow among major yards. In its latest weekly report, shipbroker Allied said that it was “another fairly busy week for contracting, with a…
Newbuilding Ordering Activity on the Rise Read More »
The ship recycling market has experienced slow activity as the Diwali festivities took over. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “this week, the recycling market remained fairly inactive as the Diwali festivities we…
Ship Recycling Enters “Slow Season” Mode Read More »
Shipping is about to enter a new period of structural reforms, as a result of the implementation of the EU ETS across the industry, starting next year. In its latest weekly report, shipbroker Intermodal said that “as 2024 approaches, the maritime indus…
Shipping: EU ETS Will Redefine Industry Standards Read More »
European demand for product tankers could increase over the winter. In its latest weekly report, shipbroker Gibson said that “the European oil demand outlook is back in focus ahead of this winter, as continued macroeconomic developments cast a shadow o…
Long Range Tanker Rates Could Find Added Support This Coming Winter Read More »
The tanker market has been on the rise during the month of October, according to OPEC’s latest monthly report. Dirty freight rates began to recover in October as refiners started preparing for winter demand following maintenance in 3Q23. Gains were con…
Tanker Market on the Rise Read More »