Tankers keep on feeding the ship recycling market, as the lackluster tanker market is motivating ship owners to sell some of their vintage tonnage for scrap. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “iron ore prices are …
Tankers Are Leading Demolition Candidates Read More »
The tanker market could receive a very welcome boost in the coming weeks and months, mainly in the Middle East to Asia benchmark routes. In its latest weekly report, shipbroker Intermodal said that “following the oil price sell off during most of Augus…
Tanker Demand Could Receive a Welcome Boost In the Coming Weeks Read More »
The tanker sector is about to witness a dramatic impact from the Dangote Refinery, currently under construction in Nigeria. The biggest refinery in Africa is expected to make its mark in the tanker market. In its latest weekly report, shipbroker Gibson…
New Mega-Refinery in Nigeria To Make Waves in the Tanker Market Read More »
The tanker market remained in depressed levels throughout the month of August. According to the latest monthly report from OPEC, VLCC tanker rates remained at depressed levels in August, weighed down by ample tonnage availability and a lagging increase…
Tanker Rates Remain Depressed During August Read More »
The dry bulk market is reliving the “glory days” of 2008, in terms of freight rates. According to shipbrokers, the positive fundamentals are set to maintain the upwards momentum. In its latest weekly report, shipbroker Allied Shipbroking said that it w…
Dry Bulk Market “Bonanza” Isn’t Over Yet Read More »