2021 has proven quite challenging so far for crude oil tankers. An example has been the fall in crude oil tanker loadings in the UAE, the third largest crude oil exporter in the Middle East. In its latest weekly report, shipbroker Banchero Costa said t…
UAE Crude Oil Exports Have Suffered Since the Start of 2021 Read More »
Ship owners’ appetite for crude tankers has intensified since the start of 2021, manifesting itself in an increased newbuilding contracting pace. According to shipboker Intermodal’s data, year-to-date, crude carriers contracting activity in dwt terms i…
Tanker Newbuilding Orders on Pace for Doubling During 2021 Read More »
Ship owners’ appetite for newbuildings seems unabated during the first few months of 2021, after the past lackluster years of relatively limited investment. An expected rebound in freight rates has also triggered more deals in the newbuilding part of t…
2021 Shaping Up for a Boom Year in Newbuilding Orders Read More »
Prices offered by scrapyards for older tonnage is reaching new heights of late, tempting many owners into decommissioning the older ships of their fleet. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “with the after-effects o…
Demolition Market is Sizzling Hot Read More »
The Brazilian market’s iron ore export trade has been a major factor in the dry bulk market’s performance and 2020 was no exception. In a recent note, shipbroker Banchero Costa said that “2020 was still a reasonably positive year for global iron ore tr…
Dry Bulk Market’s Ton-Mile King: Brazil Iron Ore Exports Every Owner’s “Dream” Read More »