Things have slowed down in the demolition market for yet another week in 2021. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “with little tonnage to engage buyers again this week, and the Monsoon season in the sub-continent n…
Demolition Market Heading Backwards Read More »
Demand has returned to the newbuilding market this past week. In its latest weekly report, shipbroker Allied Shipbroking said that “newbuilding interest in the dry bulk sector returned on a strong trajectory as of the past week, with a good flow of fre…
Newbuildings Back In Demand Read More »
With financing being harder to raise, ship owners are actively looking at alternative sources of capital raising. Costamare did so by raising 100 million euros in unsecured bonds through the Athens Stock Exchange. But this isn’t a “one size fits all” s…
A new and promising fuel sector, the so called synthetic fuels, could provide an additional support to the tanker market by the end of the decade. In its latest weekly report, shipbroker Gibson said that “if you own a Porsche or you like Formula 1, the…
Could Synthetic Fuels Create a New Market for Tankers? Read More »
The tanker market is still expected to face some headwinds moving forward, but as the global economy recovers, so will oil demand. In a recent market analysis, ship owner Teekay Tankers said that “crude tanker spot rates remained under pressure during …
Tanker Market Facing Short-Term Challenges, But Outlook Still Positive Says Ship Owner Read More »