The tanker market remained in depressed levels throughout the month of August. According to the latest monthly report from OPEC, VLCC tanker rates remained at depressed levels in August, weighed down by ample tonnage availability and a lagging increase…
Tanker Rates Remain Depressed During August Read More »
The dry bulk market is reliving the “glory days” of 2008, in terms of freight rates. According to shipbrokers, the positive fundamentals are set to maintain the upwards momentum. In its latest weekly report, shipbroker Allied Shipbroking said that it w…
Dry Bulk Market “Bonanza” Isn’t Over Yet Read More »
The rapidly improving long-term prospects of the shipping markets has prompted more owners to place newbuilding orders. In its latest weekly report, shipbroker Allied Shipbroking said that “the different outlook that has been noted since the beginning …
Newbuilding Pace Picks Up on Improved Long-Term Shipping Prospects Read More »
The demolition market is starting to exhibit healthy levels of activity once again. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “it feels like there has been a bounce back from the recent ‘falls’ as sentiment once again loo…
Ships’ Recycling Market Picks up the Pace Read More »
The tanker market is about to enter its seasonally high demand period, but few – if any – experts are expecting a recovery in freight rates. In its latest weekly report, shipbroker Allied Shipbroking said that “with the summer now behind us, it is clea…
Tanker Market Will Need More Time Before it Bounces Back Read More »