The ships’ recycling market has sustained a halt over the past days, as a result of Ramadan holidays and the raging pandemic in India and large parts of Southeast Asia. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “having en…
Lockdowns Hinder the Demolition Market Once Again Read More »
A rapidly improving sentiment among owners has prompted the most active first quarter of the last 13 years, when it comes to newbuilding orders. In its latest weekly report, shipbroker Banchero Costa commented this week that “the newbuilding boom has n…
Newbuilding Orders Are Booming, Reaching 13-year Highs Read More »
Tanker secondhand tonnage is quickly becoming a “hot” commodity in the market. In its latest weekly report, shipbroker Intermodal said that “after a series of months where the dry bulk sector was attracting most of the buying interest, tankers SnP acti…
Tankers Become the “Most-Wanted” Type of Ship in the S&P Market Read More »
The North Sea crude market could offer the tanker market a new trade route, should proposed changes take effect. In its latest weekly report, shipbroker Gibson said that “concerns about North Sea crude production are nothing new although, changing prod…
Tankers: A New Trade Route Emerging? Read More »
The tanker market edged higher during the final month of the first quarter of 2021. According to the latest monthly report from OPEC, dirty tanker rates picked up in March, as gains in Suezmax and Aframax rates outpaced a further slight decline in VLCC…
Tankers Picked Up the Pace During March Read More »