The ship recycling market has entered a correction phase, after several weeks of price increases. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “this week saw price levels tumble southwards on the back of falls in global stee…
Correction Time for the Ship Recycling Market Read More »
The current situation in the shipping markets has been favorable of increased ton-mile demand. However, the long-term implications of the Ukraine war are difficult to quantify at this stage. In its latest weekly report, shipbroker Allied said that “for…
Shipping Ton-Mile Demand Increasing as Importers Looking for Lower Costs of Commodities Read More »
With the war in Ukraine raging for nearly one month now, it’s becoming apparent that oil stocks could become a major issue moving forward. In its latest weekly report, shipbroker Gibson said that “each week, we monitor developments in refined product a…
Tankers: Will Oil Supply Become an Issue Moving Forward? Read More »
The dirty tanker market remained at muted levels for much of February, although volatility accelerated at the end of the month as geopolitical developments intervened, OPEC said in its latest monthly report. Rates remained elevated into March, although…
Tanker Market at Stalemate During February Read More »
The tanker market seems to be plagued with yet another prolonged period of uncertainty, after the latest developments in Ukraine. In its latest weekly report, shipbroker Intermodal said that “the last 20 days the tanker market is taking another hit of …
Tanker Market Plagued With Uncertainty Read More »