Newbuilding contracting has slowed down over the past couple of weeks, a development attributed by shipbroker to the usual summer lull. In its latest weekly report, shipbroker Allied Shipbroking said that “the typical summer lull has seemingly taken ho…
Newbuilding Ordering Activity in “Slowdown Mode” Read More »
With prices in the ship recycling market staying near record levels of well above $600/LT LDT, some owners, especially from the tanker segment were tempted to cash in. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “prices soa…
Demolition Market Finding Some Footing as Wet Tonnage is Sold Read More »
The tanker market’s demise so far this year, is reflected in the S&P market as well. In its latest weekly report, shipbroker Intermodal said that “unlike the Dry Bulk and Container sectors where freight rates have surged into 2021, the tankers mark…
Tankers Demand Falls in Line With Freight Market Read More »
Inflationary pressure is already having an impact on the tanker sector, from newbuilding and secondhand tanker prices, to the cost of capital for ship financing. In its latest weekly report, shipbroker Gibson said that “concerns over growing inflationa…
Inflationary Pressures Could Impact the Tanker Sector Read More »
Dry bulk trade has been robust so far in 2021, as China’s iron ore imports have been quite strong so far. In a recent weekly report, shipbroker Banchero Costa said that “2021 so far has proved very robust in terms of iron ore trade. Total global loadin…
China Iron Ore Imports Boost the Dry Bulk Market Read More »