The tanker market remained in subpar level during the month of July. According to the latest monthly report from OPEC, events in July provided little momentum to the languishing tanker market, with dirty freight rates remaining at subdued levels. As so…
Tanker Market Subdued During July Read More »
The global seaborne coal trade is slowly showing signs of a recovery after a difficult 2020 and to a lesser extent first half of 2021. In a recent weekly note, shipbroker Banchero Costa said that “2020 proved to be a truly terrible year for global seab…
Global Seaborne Coal Trade Showing Early Signs of Recovery Read More »
Newbuilding contracting has slowed down over the past couple of weeks, a development attributed by shipbroker to the usual summer lull. In its latest weekly report, shipbroker Allied Shipbroking said that “the typical summer lull has seemingly taken ho…
Newbuilding Ordering Activity in “Slowdown Mode” Read More »
With prices in the ship recycling market staying near record levels of well above $600/LT LDT, some owners, especially from the tanker segment were tempted to cash in. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “prices soa…
Demolition Market Finding Some Footing as Wet Tonnage is Sold Read More »
The tanker market’s demise so far this year, is reflected in the S&P market as well. In its latest weekly report, shipbroker Intermodal said that “unlike the Dry Bulk and Container sectors where freight rates have surged into 2021, the tankers mark…
Tankers Demand Falls in Line With Freight Market Read More »