The ships’ recycling market has been on the up lately, as a lack of vintage tonnage has prompted more price increases. In its latest weekly report, shipbroker Clarkson Platou Hellas commented that “with the Diwali festivities set for next week, the lac…
Lack of Available Tonnage Pushes Demolition Prices Past the $600/LDT point Read More »
The Petrofin Index for Global Ship Finance which commenced at 100 in 2008 fell by 2 points (from 64 to 62 the year before), marking a slow decline but possibly the beginnings of the stabilisation of global shipping portfolios. Top 40 Banks’ lending to …
Global Shipping Finance Portfolios Begin to Stabilize Read More »
The dry bulk market has entered a new reality of late, with rates retreating across the board, as evidenced by the Platts Dry Bulk weighted average indexes pictured. “With China slowing down on purchases of coal and iron ore as well as other minor bulk…
Dry Bulk Market On a Steep Slowdown as Demand Ebbs Read More »
The dry bulk market’s upwwards momentum seems to be a thing of the past, as market observers brace themselves for a couple of rough months ahead. According to Mr. Thomas Chasapis, Research Analyst with Allied Shipbroking “having closed of the first mon…
Positive Momentum Evaporates from the Dry Bulk Market Read More »
In its latest weekly report, shipbroker Intermodal said that “following the COVID19 pandemic we’re at last facing some solid improvement on oil market fundamentals. Since Jan 2021, crude oil prices slowly started to climb the ladder lagging the rally i…
Tankers: Oil Market Fundamentals Finally Turning For The Better Read More »