Tanker loadings from West Africa proved to be problematic numbers-wise, during 2020. In its latest weekly report, shipbroker Banchero Costa said that ‘2020 was overall a very negative year for crude oil trade, although of course the tanker market was p…
Tankers: West Africa Crude Oil Exports on The Decline Read More »
An underwhelming demolition market has been the norm so far this year, despite expectations that a lackluster freight market, mainly for tankers, could increase tonnage sold for scrap. However, this hasn’t been the case so far, not to mention that owne…
Scrap Prices Should Rise in Order To Attract More Tonnage Says Shipbroker Read More »
Dry bulk tonnage is a “hot commodity” right now, as ship owners are opting to add more tonnage in their fleet, in anticipation of improved market fundamentals moving forward. In its latest weekly report, shipbroker Allied Shipbroking said that “a moder…
Ship Owners Turn to S&P Market for More Tonnage Read More »
A lack of available tonnage has proven to be a hindrance when it comes to increasing ship recycling activity. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “after the recently impressive price indications witnessed, it is sur…
Lack of Tonnage Hinders Scrapping Activity Read More »
The ship repair sector faced significant disruptions during most of 2020, as a result of the pandemic. However, things are starting to normalize as both owners and yards have adapted to the new challenges. In its latest weekly report, shipbroker Interm…
Ship Repair Sector Returns to Normalcy Read More »