The lack of vintage tonnage appears to be the main trend in the ship recycling market these days. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “as we have now entered the month of August, the holiday season is now in full sw…
Lack of Activity in the Ship Recycling Market Read More »
The tanker market is facing significant crossroads in the weeks and months to come. In its latest weekly report, shipbroker Allied said that “the crude oil tanker market has managed to make successive gains these past few months, with a fair improvemen…
Tanker Market In Crossroads Read More »
The tanker market’s biggest threat at present could be a looming recession, which could further hurt oil demand. On the other hand, an increase in ton-mile demand, at least for the short and mid-term could act as a counterbalance, with slowsteaming ent…
Will a Recession Bring Tanker Demand Down? Read More »
A structural market shift in the tanker market, could lead to long-lasting effects in ton-mile demand, helping freight rates to sustain a higher level. In its latest market outlook, ship owner Teekay Tankers noted that “crude tanker spot rates increase…
Tanker Market Benefits From Ton-Mile Demand Increase Read More »
On July 22, Ukraine and Russia agreed that exports of grain and other agricultural products from selected Ukrainian Black Sea ports could resume after months of Russian blockade. The agreement comes at a time when storage capacity is reaching its limit…
New Grain Corridors from Ukraine and Dry Bulk Flows Read More »