The unparalleled scale of tankers carrying sanctioned crude oil from Iran or Venezuela has began to actively hurt demand for compliant crude tankers, claimed Frontline in a market analysis issued last week, together with the company’s second quarter re…
Despite elevated ldt prices for ship scrapping, vintage tanker tonnage and more particularly VLCCs, have remained far from the scrapyards so far in 2021, adding to the supply side of a lackluster tanker market. In its latest weekly report, shipbroker G…
Just Five Older VLCCs Have Been Scrapped During 2021 Read More »
The Russian crude oil export trade has been yet another reason of frustration for tanker owners, as a dismal 2020 is now been followed by an even worse 2021 so far. In a recent weekly report, shipbroker Banchero Costa said that “2020 was overall a very…
Russian Crude Oil Trade Shrinking Read More »
The dry bulk market has rallied to levels not seen since 2010. However, this latest rise could be short lived, as a result of weakening fundamentals. In its latest weekly report, shipbroker Allied Shipbroking said that “in the midst of August, the dry …
Prices for second hand bulkers has soared over the past few weeks, in tandem with the rally in the freight rate market. By the 24th of August 2021, the Baltic Dry Index had reached 4,201, a year to date high and the highest since May 2010. In its lates…
“Unbelievable” Dry Bulk Market Rally is Pushing Ship Values Higher Read More »