Ship owners have intensified their interest in more newbuilding orders over the past week. In its latest weekly report, shipbroker Allied said that it was “a very satisfying week came to an end for the newbuilding market with buying interest appearing …
Newbuilding Appetite Returns In the Market Read More »
A growing question among the shipping industry, revolves around the location and safety guidelines, regarding the scrapping of a growing number of older EU-flagged vessels. In its latest weekly report, shipbroker Clarkson Platou Hellas pointed out that…
Where Will Ships Be Recycled in the Future? Read More »
With a number of technologies currently under development, with regards to shipping’s decarbonization efforts, Wartsila has devised a strategy of being able to cater to every future demand that will arise in the market. Hellenic Shipping News Worldwide…
Dirty tanker spot freight rates fell back in May from the sharp gains seen during the previous month, OPEC said in its latest monthly report. Suezmax rates declined 37% m-o-m and Aframax fell 22% over the same period, as ample availability overwhelmed …
Tanker Market Retreated in May Read More »
The shipping markets have had to navigate even more turbulent waters so far in 2022, than in the past couple of years, of COVID and supply chain disruptions. In its latest weekly report, shipbroker Allied Shipbroking said that “despite having gone thro…
Shipping Markets’ Volatility Even More Pronounced in 2022 Read More »