The tanker market should have “enough in its tank” to recover from its multi-decade lows, thanks to low tonnage supply and an expected increase in oil demand moving forward. In a recent note, ship owner Teekay Tanker said that “in the fourth quarter of…
Tanker Owner Expects Market to Recover from Multi-Decade Lows Read More »
The tanker market is already experiencing significant changes, as a result of the war in Ukraine, with trade being disrupted and crude flows expected to shift. In its latest weekly report, shipbroker Gibson said that “yesterday’s sudden invasion of Ukr…
Tanker Trade: What Does the War In Ukraine Mean? Read More »
The main trend in the newbuilding market this year, has been following the same line as in 2021. This means that container ships and LNG tanker are the main ship types in demand. In its latest weekly report, shipbroker Intermodal said that “the newbuil…
Container Ships and LNG Tankers Are Dominating the Newbuilding Market Read More »
The dry bulk market has been experiencing some positive momentum of late. In its latest weekly report, shipbroker Allied Shipbroking said that “the dry bulk market has moved on a positive track as of the past couple of weeks or so. Following the typica…
Dry Bulk Market on the Rise Read More »
The demolition market has come alive over the past few weeks, as firmer rates have triggered an increased supply of vintage tonnage. In its latest weekly report, shipbroker Clarkson Platou Hellas commented that “it would appear the recent firmer rates …
Ship Recycling Picks Up Pace Read More »