Ship owners have sped up their newbuilding contracting activity, opting for more modern tonnage. In its latest weekly report, shipbroker Allied Shipbroking said that “the impressive performance of the newbuilding market continued for yet another week. …
Newbuilding Activity Picks Up Pace Read More »
The ship recycling market remained in a state of disarray for another week. In its latest weekly report, shipbroker Clarkson Platou Hellas commented that “the stagnant market has continued this week which has once again seen price indications to weaken…
Ship Recycling Market in Turmoil Read More »
Smaller tanker sizes, like Aframaxes and Suezmaxes are expected to be the main beneficiaries of Europe’s shifting of its oil imports. In its latest weekly report, shipbroker Gibson said that “in recent months triple digit oil prices have become a new r…
Aframaxes and Suezmaxes Expected to Gain From Europe’s Oil Imports After Russian Oil Ban Read More »
China’s slowdown has had a negative impact in Brazil’s iron ore exports. In its latest weekly report, shipbroker Banchero Costa said that “global iron ore loadings in the full 12 months of 2021 were up +0.7% y-o-y to 1,555.3 mln t, according to vessels…
Dry Bulk Market: Weaker Chinese Demand Dampens Brazil’s Iron Ore Exports Read More »
The euphoria surrounding the prospects of the dry bulk market, amid a shortage of tonnage and longer ton-mile demand, could soon evaporate, amid a worsening global economy environment and higher borrowing rates. In its latest weekly report, shipbroker …
Dry Bulk Market: Bullish Sentiment Prevails, but For How Long? Read More »