The long-expected year-end recovery in dirty tanker spot freight rates failed to materialize in December, as lockdowns at the end of the year and softer Chinese buying limited tonnage demand, OPEC said this week, in its latest monthly report. On averag…
2021 Ends With Tanker Market in Dire Straits Read More »
Data from China this past week, seems to support the positive narrative, regarding a potential swift rebound of the dry bulk market moving forward. In its latest weekly report, shipbroker Allied Shipbroking said that “it has been a slow start to the ye…
China’s Figures Point Towards Dry Bulk Market’s Resurgence Read More »
The dry bulk market has been in correction mode for the most part of the past few weeks and the start of 2022 has been no exception. However, this period of lean earnings, could also be a good time to invest more in the segment, as rates are bound to r…
Capesize Market Suffering, Drags Dry Bulk Rates Lower Read More »
After a positive start to the new year, newbuilding ordering activity has slowed down during the past few days. In its latest weekly report, shipbroker Allied noted that “overall activity in the newbuilding market has seemingly taken a small step back …
Newbuilding Orders Slowdown to Moderate Pace Read More »
After a long “hiatus” period, things are starting to heat up in the ship recycling market. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “increased optimism has returned to the market this week with various reports that the r…
Ship Recycling Market Starts Heating Up Read More »