The current market sentiment is pointing towards more ship recycling activity moving forward. In its latest weekly report, shipbroker Clarkson Platou Hellas commented that “the firming rates being witnessed in the recycling market is starting to gain a…
Ship Owners More Willing to Sell Their Vintage Tonnage Read More »
Wars and other geopolitical factors aside, the dry bulk market’s seasonality, is taking its toll in the freight market. However, it seems that from the second quarter of the year and onwards, a recovery could begin to take shape. In its recent weekly r…
Dry Bulk Market Could Be Heading Towards a Recovery Read More »
Despite a desire from Mexico to limit its exports until a full stop by 2023, while also eliminating product imports, it seems that the reality is different. In its latest weekly report, shipbroker Gibson said that “when Lopez Obrador was elected as the…
Tankers: Atlantic Trades Will Support the Market Read More »
The tanker market is still lingering close to multi-year lows at the beginning of 2022. According to the latest monthly report from OPEC, coming off a year that saw multi-decade lows, dirty tanker spot freight rates started 2022 close to the bottom end…
Tanker Market Fails To Take Off During January Read More »
The dry bulk market trade’s benchmark trade, i.e. China’s iron ore imports are undergoing a structural shift, with the country looking to reduce its import dependence from Australia, in favor of other countries. As a result, the dry bulk market is expe…
China’s Iron Ore Imports Mix Could Lead to Dry Bulk Market Structural Change Read More »