Owners of the largest crude oil tankers stand to gain from the recent OPEC’s decision to increase production. In its latest weekly report, shipbroker Gibson said that ‘so, after several weeks of behind the scenes talks and political wrangling, the OPEC…
VLCC Owners Stand to Gain from OPEC’s Decision to Raise Crude Oil Production Read More »
Seaborne LNG exports from the US grew marginally during 2020, as opposed to a more robust overall rise. In its latest weekly report, shipbroker Banchero Costa said that “the USA are currently the third largest seaborne exporter of LNG in the world afte…
US LNG Exports Took a Backseat During 2020: Will the Trend Reverse This Year? Read More »
The dry bulk market’s rebound has prompted a surge in dealings for bulkers as well. In its latest weekly report, shipbroker Intermodal said that “dry Buk Sales and Purchase activity has heated up during 2021, reaching record high levels during the firs…
Dry Bulk Carriers Reach Record Levels of S&P So Far in 2021 Read More »
As a traditional summer lull is on its way, ship owners are firming up their interest for newbuildings. In its latest weekly report, shipbroker Allied Shipbroking said that it was “an interesting week for the newbuilding market, with several fresh deal…
Newbuilding Orders Picked Up as Summer Holidays Approach Read More »
Ship owners are keeping their older ships in service, on the back of high dry bulk and container rates. As a result, tonnage availability in the demolition market is scarce and rates offered are through the roof, with some market observers reporting pr…
Ship Recycling Market Devoid of Tonnage Read More »