To say that 2024 was eventful for the tanker market would be an understatement. In its latest weekly report, shipbroker Gibson said that “2024 started with fresh OPEC+ supply cuts and the onset of the EU’s Emissions Trading Scheme, though both of these…
Tankers: The Year in Review Read More »
China is now responsible for 74.4% of global iron ore imports. As such, any shift in demand is having an enormous impact on the market. In its latest weekly report, shipbroker Banchero Costa said that “2023 was a very positive year for global iron ore …
Dry Bulk Market: China’s Iron Ore Imports Read More »
In the rapidly evolving maritime industry, compliance with stringent environmental regulations such as FuelEU Maritime, EU Emissions Trading System (EU ETS), and the Carbon Intensity Indicator (CII) is becoming increasingly critical. Shipowners are fac…
Prices for second hand bulkers have retreated as a result of a weakness in the dry bulk market. In its latest weekly report, shipbroker Xclusiv said that “as 2024 draws to a close with just two weeks remaining, a review of the dry bulk market reveals a…
Dry Bulk Values Plunge in Line With Shipping Market Read More »
The ship recycling market is ending 2024 in the same lackluster state it began the year. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading global cash buyer of ships, said that “the ship recycling markets across all major destinat…
Ship Recycling Still Subdued Across the Board Read More »