The newbuilding activity has been growing on a steady pace over the course of the past few weeks, despite ongoing uncertainty. In its latest weekly note, shipbroker Allied Shipbroking said that “newbuilding contract volumes continued on an overall posi…
Newbuilding Orders Edging Higher Read More »
The ship recycling market is heating up, as surging commodity prices are leading to increased prices offered for vintage tonnage as well. In its latest weekly report, shipbroker Clarkson Platou Hellas commented that “the lack of tonnage and increasing …
More Tonnage Expected to Be Sold for Scrap As Prices Rise Read More »
China and the EU were the main destinations of Russian seaborne coal exports during 2021. In a recent weekly note, shipbroker Banchero Costa said that “following a disastrous 2020, with the world hit by lockdowns and recession pretty much everywhere, g…
The tanker market is expected to face a significant trade rerouting, after the latest sanctions in Russian crudes and the emergence of Iranian and Venezuelan grades as potential candidates to replacing part of the lost supply. In its latest weekly repo…
Tanker Market In Shifting Tides Read More »
Shipping finance tools are constantly evolving, with the concept of decentralised finance one of the latest developments. In its latest weekly report, shipbroker Intermodal noted that “whilst everyone focuses on the newly imposed banking sanctions and …
New Forms of Shipping Finance Underway Read More »