Demand from ship recycling yards for more vintage tonnage, has already increased rates, which in turn, could lead to a rise in overall supply. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “as the week moved at a snail’s pace…
Demand Boosts Demolition Rates, Could Lead to More Scrappings Read More »
A slowdown in seaborne crude oil imports from China, the biggest market for tankers, has inevitably hurt the segment in 2021. In its latest weekly report, shipbroker Banchero Costa said that “the year 2021 was once again a very bad year for crude oil t…
Chinese Oil Imports Hurt Tanker Trade in 2021 Read More »
Oil supply is expected to increase considerably during the course of 2022, providing tankers with a much needed support. In its latest weekly report, shipbroker Gibson said that “the decision by OPEC+ to raise output by another 400kbd in March came as …
Tankers: Oil Supply Boost Expected to Provide Support to the Market Read More »
Chances of a significant rebound and potential rally of the dry bulk market seem to be quite high from the third quarter onwards. In its latest weekly report, shipbroker Allied Shipbroking noted that “it was a fairly hot market for Capesize bulkers las…
Dry Bulk Market: Fundamentals Look to Be Improving Read More »
The newbuilding ordering activity has remained quite subdued during the course of the past week, as holidays in China and Asia and an overall negative market sentiment, dampened investment appetite. In its latest weekly report, shipbroker Allied said t…
Demand for Second Hand Bulkers Going Strong, But Newbuildings Still Subdued Read More »