The rerouting of seaborne crude oil trade is in full swing, as evidenced by the fact that the EU is now the destination of one third of total US crude oil exports. In its latest weekly report, shipbroker Banchero Costa said that “2021 was a very negati…
US Crude Oil Exports to Europe Have Risen by 52.2% So Far This Year Read More »
The dry bulk market has failed to impress over the past few weeks, with the gloom now starting to translate to asset values as well. In its latest weekly report, shipbroker Allied Shipbroking said that “it is a fact that conditions in the dry bulk mark…
Dry Bulkers Values Enter Bearish Territory Read More »
The ship recycling market is “hungry” for more vintage tonnage, which is rather scarce at present, while the industry’s focus is now shifting towards decarbonization. In its latest weekly report, shipbroker Clarkson Platou Hellas noted that “the main t…
Lack of Tonnage Keeps Hampering the Ship Recycling Market Read More »
The newbuilding market has picked up pace over the past week. In its latest weekly report, shipbroker Allied Shipbroking said that “the Newbuilding market moved on a more quiet tone during the past week, with the flow of fresh projects coming to light …
Newbuilding Activity Picks Up Read More »
As the world scrambles to secure energy supplies, coal trade has started to grow again, with countries like South Africa emerging as leading exporters once again. In fact, South Africa’s coal exports to the EU grew by over five times during the Jan.-Se…
South Africa’s Coal Export to the EU up 582.7% During 2022 Read More »