Shipping finance has shown its first signs of growth during the past year. The Petrofin Index for Global Ship Finance which commenced at 100 in 2008 is up by 1 point (from 62 in 2021 to 63), showing a rise for the first time in eleven years. According …
Global Ship Finance Reaches $500 Billion Mark Read More »
Orders for dry bulk newbuildings have appeared on the market yet again this past week, despite the lackluster state of the freight market. In its latest weekly report, shipbroker Allied Shipbroking said that “the newbuilding market resumed on a relativ…
Newbuilding Market Activity on the Rise Read More »
The ship recycling market could be set for a revival in the coming days and weeks, as more dry bulk vintage tonnage could be sold for demolition. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “with China implementing new lock…
Ship Recycling Market Expects More Dry Bulk Vintage Tonnage Read More »
A stronger tanker market over the course of the past few weeks, has helped increase prices for tankers as well. In its latest weekly report, shipbroker Gibson said that “amidst widespread price increases, it is not surprising that tanker asset values h…
Tanker Values on the Rise Read More »
There’s still quite a long way to go until the shipping industry truly enters the decarbonization era. In a recent report, shipbroker Intermodal said that “following the 3rd Decarbonizing Shipping Forum, held in Hamburg on June 2022, there has been a m…
Shipping’s Decarbonization Process is at Its Infancy Read More »