The freight market has adjusted to the estimated impact of the port fees implemented by the US and China. In its latest weekly report, shipbroker Intermodal said that “the latest escalation in U.S.-China trade tensions marks a setback to hopes for a gr…
Shipping Freight Rates Rose 20% on Trade War Port Fees Read More »
Trade flows are bound to be disrupted from the spillover of trade tensions in the shipping market. In its latest weekly report, shipbroker Gibson said that “on October 14, both the US and China imposed prohibitively expensive port fees on tonnage linke…
VLCCs The Most Exposed from China’s Port Fees Read More »
The tanker market showed mixed results during the past month, OPEC said in its latest monthly report. Dirty tanker spot freight rates showed mixed movement in September. VLCC spot freight rates surged as increasing outflows from the Middle East worked …
Tanker Market: Mixed Performance During September Read More »
Ship recycling is exhibiting signs of divergence across the major markets. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships, said that “the Indian market remains very weak, with prices declining daily and no s…
Ship Recycling Market’s Divergent Performance Read More »
The second hand ship market has seen many new deals over the past week. In its latest weekly report, shipbroker Banchero Costa said that “in the bulk sector, the Panamax NAVIOS HELIOS 77,000 dwt 2005 Namura built was reported sold to Hong Kong interest…
Second Hand Ships Market Heating Up Read More »