Dirty tanker spot freight rates remained elevated in May, although down from the record highs registered in March, OPEC said in its latest monthly report. Increased long-haul demand supported VLCC spot freight rates. The repositioning of tankers made m…
Tanker Market Stays Elevated in May Read More »
Greek owners have remained mostly sellers of dry bulk carriers over the first five months of 2026. In its latest weekly report, shipbroker Xclusiv said that “as Posidonia week drew to a close, it offered an opportune moment to reflect on activity level…
Greek Owners Primarily Sellers of Dry Bulkers Read More »
The ship recycling market was softer over the course of the past week. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships said that “the Indian market recorded a modest correction this week; however, this should…
Ship Recycling Activity Softer Last Week Read More »
More newbuilding orders were reported last week, while deals in the second hand market were fewer. In its latest weekly report, shipbroker Banchero Costa commented that “strong number of contracts reported again this week in the newbuilding market, whe…
Newbuilding Orders Dominating Headlines Read More »
The VLCC tanker market seems to be witnessing reduced volatility after a multi-week turbulence. In its latest weekly report, shipbroker Gibson said that “the global VLCC market appears to have entered a phase of cautious stabilisation with freight rate…
VLCC Market Seems to Be Stabilizing Read More »