The ship recycling market appears to be on the rebound after a turbulent few weeks. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “following the negative sentiment experienced over previous weeks, there seems to have been a s…
Demolition Market on the Mend Read More »
With inflationary pressures leading central banks around the world to increase rates, a global recession could very well be in the cards moving forward. In such a likelihood, demand for shipping is bound to take a hit, although, it should be noted that…
A World Recession Could Slow Down Demand for Shipping Read More »
The tanker market is experiencing a structural shift in trading routes, which could have long-standing implications for ship owners. In its latest weekly report, shipbroker Gibson said that “back in March we looked at commercial stock developments for …
Tankers: A Tidal Change is in Effect Read More »
The tanker market has entered into recovery mode during the month of June. In its latest monthly report, OPEC said that dirty tanker spot freight rates in June recovered some of the losses seen the previous month. The tanker market continued to improve…
Tanker Market in Recovery Mode Read More »
Ship owners have been upping their newbuilding contracting activity with more deals being reported after each passing week. In its latest weekly report, shipbroker Allied commented that “the impressive performance in terms of newbuilding orders continu…
Ship Owners Are Loading Up on Newbuildings Read More »