LNG tankers are the “talk of the town” among ship owners, are the daily rates they command are allowing for significant profits. In its latest weekly report, shipbroker Banchero Costa said that in the newbuilding market, “the LNG tonnage is still very …
LNG Tonnage in High Demand Read More »
The ship recycling market continues to be plagued by the letter of credit issue, which has taken a toll on some yards in the Bangladeshi market. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “another quiet week has been witne…
Letters of Credit Hampering the Ship Recycling Market Read More »
Europe’s demand has been driving a surge in US LNG exports. In its latest weekly report, shipbroker Banchero Costa said that “global seaborne LNG trade has continued to surge this year, helped also by the events in Ukraine. In the first 9 months of 202…
EU Now Responsible for 24.3% of Global Seaborne LNG Imports Read More »
OPEC’s decision to move ahead with significant oil production cuts, will add pressure to the tanker market as well. However, according to shipbroker Gibson, any downward pressure will likely be a product of lower demand, rather than supply. In its late…
Tanker Market’s Course to be Determined By Demand, Not Supply says Shipbroker Read More »
The tanker market recovered part of the lost ground, as the month of September shows clear signs of improvement. In its latest monthly report, OPEC said that Very Large Crude Carrier (VLCC) rates continued to gather strength in September, with gains se…
Tanker Market Gathered Strength During September Read More »