West African crude oil exports reversed a negative multiyear trend this year. In its latest weekly report, shipbroker Banchero Costa said that “after a modest upturn in 2024, when global crude oil loadings increased by +0.8% y-o-y, trade started very s…
Tankers: 2025 Marks a Rebound of West African Crude Oil Exports Read More »
The global tanker fleet is ageing, with almost one third of it already over 16 years old. In its latest weekly report, shipbroker Xclusiv said that “the tanker market closes 2025 with a degree of structural tightness that cannot be captured simply by l…
Global Tanker Fleet Ageing Fast Read More »
The ship recycling markets have remained weak over the past few days. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships, said that in India, “the market softened during the week, with values continuing to face …
Ship Demolition Markets Still Weak Read More »
Ship owners have intensified their investment in the newbuilding and S&P markets over the past week. In its latest weekly report, shipbroker Banchero Costa said that “in the bulk sector, German owner Neu Seeschiffahrt placed an order of 6 x 342,000…
Newbuilding Activity Picking Up Pace Ahead of the Holiday Season Read More »
Soybean cargoes have been gaining market share in the dry bulk shipping trade. In its latest weekly report, shipbroker Intermodal said that “soybeans have again emerged as one of the most influential variables for dry bulk demand, especially for Kamsar…
Dry Bulk Shipping: Soybean Trade Gaining Market Share Read More »