The tanker market is expected to stay firm during 2023, with both demand and supply fundamentals expected to help the market to remain at high levels. In its latest weekly report, shipbroker Gibson said that “12 months ago, we titled our closing report…
Tankers To Stay the Course During 2023 Read More »
The tanker market continued its upward trend during the month of November, OPEC said in its monthly report, issued this week. Dirty freight rates continued to move higher in November, with strong gains on all monitored routes. Aframax rates saw the str…
OPEC: Tanker Rates Moved Higher in November Read More »
With China’s economy slowdown and the COVID-related measures in flux, shipping and more importantly the dry bulk segment is under pressure. In its latest weekly report, shipbroker Allied Shipbroking said that “as China announced last week a series of w…
“If China Sneezes, Shipping Will Catch a Cold”: A Saying More Timely Than Ever Read More »
The newbuilding market has picked up pace this week, with more orders being reported. In its latest weekly report, shipbroker Allied Shipbroking said that “the first full week of December brought a second healthy week of new orders. Good earning potent…
Newbuilding Ordering Activity Picks Up Pace Read More »
The ship recycling market has had a positive week after a long time, thanks to a renewed supply of vintage tonnage. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “this week has seen a strong supply of smaller container units …
Ship Recycling: Small Container Ships Sold for Scrap Read More »