Things have remained unchanged in the ship recycling market. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships said that “the ship recycling market remained relatively quiet this week, with activity slowing dow…
Ship Recycling Market Remains Quiet Read More »
China has been losing newbuilding market share to S. Korea, as a result of the uncertainty over the USTR policy. However, this has been occurring in a period when capacity had been increasing in China instead of S. Korea. In its latest weekly report, s…
Newbuilding Orders Shifting From China to S. Korea Read More »
Ship owners have taken a step back from placing more newbuilding orders, attempting to assess the current market conditions, ahead of expected turbulence. In its latest weekly report, shipbroker Intermodal said that “as the first quarter of the year co…
Shipping Fleet Renewal Takes a Back Seat For the Time Being Read More »
In the aftermath of Liberation Day, tanker market participants are still trying to evaluate the potential impact. In its latest weekly report, shipbroker Gibson said that “on Wednesday the 2nd of April, the much-anticipated Liberation Day came to pass….
Tankers: Can Oil Escape a Global Trade War? Read More »
Global seaborne oil trade has worsened since the start of the year, with EU crude oil imports also on the retreat. In its latest weekly report, shipbroker Banchero Costa said that “after a positive 2023, when global crude oil loadings increased by +4.6…
Tanker Market: EU Crude Oil Imports Slowed Down Since the Beginning of 2025 Read More »