With prices offered for vintage tonnage under correction, buyers are pondering their next moves as there are various, contradicting opinions, on the future direction of prices. As such, activity has lowered during the course of the past week. In its la…
Ship Recycling Activity Looking for Direction After Prices Drop Read More »
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 »