With the war in Ukraine raging for nearly one month now, it’s becoming apparent that oil stocks could become a major issue moving forward. In its latest weekly report, shipbroker Gibson said that “each week, we monitor developments in refined product a…
Tankers: Will Oil Supply Become an Issue Moving Forward? Read More »
The dirty tanker market remained at muted levels for much of February, although volatility accelerated at the end of the month as geopolitical developments intervened, OPEC said in its latest monthly report. Rates remained elevated into March, although…
Tanker Market at Stalemate During February Read More »
The tanker market seems to be plagued with yet another prolonged period of uncertainty, after the latest developments in Ukraine. In its latest weekly report, shipbroker Intermodal said that “the last 20 days the tanker market is taking another hit of …
Tanker Market Plagued With Uncertainty Read More »
The newbuilding activity has been growing on a steady pace over the course of the past few weeks, despite ongoing uncertainty. In its latest weekly note, shipbroker Allied Shipbroking said that “newbuilding contract volumes continued on an overall posi…
Newbuilding Orders Edging Higher Read More »
The ship recycling market is heating up, as surging commodity prices are leading to increased prices offered for vintage tonnage as well. In its latest weekly report, shipbroker Clarkson Platou Hellas commented that “the lack of tonnage and increasing …
More Tonnage Expected to Be Sold for Scrap As Prices Rise Read More »