Despite a desire from Mexico to limit its exports until a full stop by 2023, while also eliminating product imports, it seems that the reality is different. In its latest weekly report, shipbroker Gibson said that “when Lopez Obrador was elected as the…
Tankers: Atlantic Trades Will Support the Market Read More »
The tanker market is still lingering close to multi-year lows at the beginning of 2022. According to the latest monthly report from OPEC, coming off a year that saw multi-decade lows, dirty tanker spot freight rates started 2022 close to the bottom end…
Tanker Market Fails To Take Off During January Read More »
The dry bulk market trade’s benchmark trade, i.e. China’s iron ore imports are undergoing a structural shift, with the country looking to reduce its import dependence from Australia, in favor of other countries. As a result, the dry bulk market is expe…
China’s Iron Ore Imports Mix Could Lead to Dry Bulk Market Structural Change Read More »
Ship owners have been rather active in both ends of the market, i.e. the newbuilding and the S&P part. In its latest weekly report, shipbroker Allied said that “the relatively “good” orbit in the newbuilding market continued for yet another week, w…
Ship Owners Active in the Newbuilding and S&P Markets Read More »
Demand from ship recycling yards for more vintage tonnage, has already increased rates, which in turn, could lead to a rise in overall supply. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “as the week moved at a snail’s pace…
Demand Boosts Demolition Rates, Could Lead to More Scrappings Read More »