The tanker market failed to recover during the month of June, according to the latest monthly report from OPEC. Dirty tanker rates remained at depressed levels in June as ample tonnage availability and constrained demand continued to weigh on the marke…
Tanker Market Remained Depressed During June Read More »
In its latest weekly report, shipbroker Allied Shipbroking said that “undoubtedly, we are amidst one of the best rallies seen for many years now in the dry bulk sector, with many market participants already anticipating a similar trend to take place du…
Optimism Takes Center Stage in the Dry Bulk Market Read More »
The ship recycling market has once again heated up, with ship owners financially incentivized more than ever to sell their older tonnage. In its latest weekly report, GMS (www.gmsinc.net), the world’s leading cash buyer of ships said that “Sub-continen…
Ship Recycling Market is “Red Hot” Read More »
The Greek ship financing segment has experienced an improved activity over the course of the past few years, as local banks have sought to improve their offerings in the market and boost their market share. In its latest annual report, Petrofin Bank Re…
Greek Banks Improve their Ship Financing Competitiveness Read More »
The tanker market is the current “pariah” of the shipping industry, in terms of the rates it endured during the first half of the year. In its latest weekly report, shipbroker Gibson said that “the first half of last year may have seen extreme fluctuat…
Tanker Market Endures Rates at up to 20-Year Lows During First Half of 2021 Read More »