A discrepancy between actual and benchmark VLCC earnings is starting to take shape, perhaps even explaining the low rhythm of tanker scrappings. In its latest weekly report, shipbroker Gibson said that “spot VLCC earnings were in the negative territory…
Suezmax and Aframax rates in April continued to outperform those in the VLCC class, with gains of 61% and 28%, respectively. Suezmax was supported by a strong market in the Atlantic Basin, while Aframax was supported by both the East and West markets, …
Tanker Market Shows Mixed Performance During April Read More »
How cohesively has the dry bulk sector responded to the new market regime? It seems like a vague question at a first glance. There are many different ways you can interpret and analyze different indicators and market concepts, while you also have to ta…
Thomas Chasapis Research Analyst Read More »
Ship owners appear to be turning to the secondhand market with increasing appetite, as higher costs and longer delivery times are deterring factors from placing a newbuilding order. In its latest weekly report, shipbroker Allied Shipbroking said that “…
It’s All About Second Hand Ships These Days Read More »
The ship recycling market has slowed down considerably over the past week. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “the various global holidays that transpired this week have set the tone for a slower week in relation t…
Demolition Activity Crawls to Near Halt Read More »