The dry bulk market’s fundamentals remain strongly in favor of shipowners moving forward. In its latest report, shipbroker Intermodal said that “COP26, 77 countries pledged to phase out coal by 2050 but the world’s biggest names in coal including China…
Limited Supply Throughout 2022 Bodes Well for the Dry Bulk Market’s Prospects Read More »
Newbuilding ordering activity has picked up the pace considerably over the past week, with bulkers in demand, despite the recent plunge of rates. In its latest weekly report, shipbroker Allied Shipbroking said that “it was a fairly interesting week for…
Newbuilding Orders Pick Up Pace Read More »
The ship recycling market had a subdued week, as a result of the Diwali celebrations. In its latest report, shipbroker Clarkson Platou Hellas noted that “the lights from the Diwali celebrations have shone brighter than the recycling market this week wi…
Demolition Activity Subdued Due to Holidays in Southeast Asia Read More »
The tanker market has been the “forgotten child” of the shipping markets so far this year, facing headwinds and struggling to bounce back after the pandemic, as opposed to the dry bulk and container segments. In its latest weekly report, shipbroker Int…
Is it Time for a Tanker Market Rebound as Well? Read More »
Despite the latest efforts by governments around the world, China included, to limit the use of fossil fuel use, tanker demand is still far from over, quite the opposite. In its latest weekly report, shipbroker Gibson said that “for the past two decade…
China To Remain The Dominant Force For the Tanker Market Read More »