Newbuilding ordering activity kept up its rising trend over the course of the previous week. In its latest weekly report, shipbroker Allied Shipbroking said that “newbuilding market activity was kept at firm levels during the past week given the fair f…
Newbuilding Activity Picks Up Read More »
The ship recycling market is in a state of disarray, as tonnage availability has been scarce. Even when there are potential candidates, things aren’t quite that simple, as a result of a shortage of dollars in Bangladesh. In its latest weekly report, sh…
Ship Recycling in Dire Straits Read More »
It seems that each calendar year since 2020 has each own “winner”, when it comes to the part of the shipping industry which reaps the most benefits from the course of the global economy and trade. If 2021 was the year for containers and 2022 is the one…
Tankers Expected to Emerge as the “Winners” of 2023 Read More »
The current energy crisis and cost of living conditions could hinder climate goals in favor of fossil fuels. This, in turn, could delay peak oil, thus prolonging the existing life cycle of many tankers, both existing and newbuildings. In its latest wee…
Tankers and COP27: Will the Existing Financial Conditions Prolong Oil Demand Growth? Read More »
The tanker market improved considerably, during the month of October, OPEC said in its latest monthly report. Very Large Crude Carrier (VLCC) rates continued moving higher in October, with gains seen on all major routes. Spot VLCC rates on the Middle E…
Tankers Moved to Higher Ground During October Read More »