The ship recycling market has started 2022, right where it left 2021, i.e. in a constant “hunger” for more tonnage. In its latest weekly report, shipbroker Clarkson Platou Hellas noted that “as we enter the New Year, activity in the market has continue…
Lack of Tonnage Still Plagues Ship Recycling Market Read More »
China’s tensions with Australia led to a significant increase in iron ore imports from Brazil, which now accounts for 22.5% of global iron ore shipments. In a recent report, shipbroker Banchero Costa said that “2021 has proved fairly robust, but far fr…
Dry Bulk: A Shift in Ton-Mile Demand Supported Rates in 2021 Read More »
OPEC+ decided to maintain its higher crude oil production during the month of February, a move which is expected to support the crude tanker market in the short term. In its latest weekly report, shipbroker Gibson said that “the first key item on the a…
Tankers Expected to Benefit From Latest OPEC+ Decision Read More »
Seaborne LNG imports to the EU have grown in size and importance of late, reversing the trend set for the most part of 2021. In a recent note, shipbroker Banchero Costa said that “global seaborne LNG (liquified natural gas) trade has been very disappoi…
EU LNG Imports Were on the Decline, But Not Anymore Read More »
The ship recycling market has been characterized by a limited tonnage supply throughout 2021, thus limiting overall performance. In its end of year summary of the demolition market, shipbroker Clarkson Platou Hellas said that “it was hoped that we woul…
Demolition Market in 2021: A Limited Supply of Tonnage Was the Main Trend Read More »