With Greece, the biggest single owner of tankers and Hormuz, one of the most important trade lanes for seaborne crude transportation, it’s easy to see why the recent seizure of two Greek-owned VLCCs, by the Iranian Revolutionary Guard, can start to hav…
Crude Oil Trade Could Be Hampered By Greek-Iranian Tensions Over Tankers’ Seizure Read More »
As the shipping community prepares for a return to Posidonia after a four-year break, in this analysis (see below and attached) extracted from the Shipping Intelligence Weekly report, Steve Gordon, Global Head of Clarksons Research, tracks the developm…
Greek Owners Retain Pole Position Read More »
The shipbuilding market could soon start to pick, as China’s major cities are emerging from the lockdowns of the previous weeks. In its latest weekly report, shipbroker Allied noted that “the newbuilding market may well be slowly on the verge of a shif…
Newbuilding Activity Could Soon Pick Up the Pace Read More »
The ship recycling market is facing strong headwinds, with prices tumbling down amid a currency meltdown. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “the weekly concern of more doom and gloom sentiments from the recycling …
Demolition Market Facing Headwinds Read More »
Larger and ageing tankers have enjoyed a second lease of life through their employment in moving Iranian or Venezuelan barrels. In its latest weekly report, shipbroker Gibson said that “last year saw a notable increase in tanker demolition, recording t…
Ageing Tankers Employed in Illicit Trades, Instead of Heading for Scrap Read More »