Despite last week’s setback, the dry bulk market continues to impress with its strong trajectory since the onset of this year. In its latest weekly report, shipbroker Allied Shipbroking said that “now, reaching close to halfway through the 2nd quarter …
Dry Bulk Market: Is the Momentum Sustainable This Time Around? Read More »
The cyber attack on the Colonial Pipeline has shown how serious is such a threat not only for the energy sector, but also for tanker owners, whose vessels are often carrying dangerous cargo. In its latest weekly report, shipbroker Gibson said that “Fri…
Tankers: Cyber Security Should Be Taken Seriously After Colonial Pipeline Attack Read More »
The tanker market in April was still in backwards mode. In its latest monthly report, OPEC said that dirty tanker rates declined in April, as the improvement seen in March in the Suezmax and Aframax classes proved temporary and VLCCs rates moved sidewa…
Tanker Markets Still Looking for Sustainable Recovery Read More »
A less than appealing tanker market hasn’t been enough to deter ship owners, keen to acquire modern wet tonnage, in expectation of a surge in demand and rates alike during the second half of 2021 and onwards to 2022. In its latest weekly report, shipbr…
Tanker Acquisitions Gain Traction Despite Lackluster Market Read More »
The ship recycling activity has been facing a lack of tonnage of late, while prices are being rising as was expected, offering more financial incentive to owners in order to sell their older ships. Meanwhile, recent Holidays and the pandemic surge in t…
Ship Demolition Market Facing Unprecedented Conditions Read More »