Greece remains the world’s largest shipowning nation: With a fleet of 4,901 vessels, Greek shipowners control 19.42% of global deadweight tonnage (dwt). In 2020, the Greek-owned fleet grew by over 4% to approximately 364 million dwt (Figure 1)1. The ba…
Greece Still Leading Global Shipping Read More »
The dry bulk market has completed a remarkable summer and as we head towards the end of 2021, market delegates are trying to determine whether it can take the next step forward or not? In its latest weekly report, shipbroker Allied Shipbroking said tha…
Will the Dry Bulk Market Take the Next Step Forward? Read More »
The unparalleled scale of tankers carrying sanctioned crude oil from Iran or Venezuela has began to actively hurt demand for compliant crude tankers, claimed Frontline in a market analysis issued last week, together with the company’s second quarter re…
Despite elevated ldt prices for ship scrapping, vintage tanker tonnage and more particularly VLCCs, have remained far from the scrapyards so far in 2021, adding to the supply side of a lackluster tanker market. In its latest weekly report, shipbroker G…
Just Five Older VLCCs Have Been Scrapped During 2021 Read More »
The Russian crude oil export trade has been yet another reason of frustration for tanker owners, as a dismal 2020 is now been followed by an even worse 2021 so far. In a recent weekly report, shipbroker Banchero Costa said that “2020 was overall a very…
Russian Crude Oil Trade Shrinking Read More »