In stark contrast to the dry bulk and container segments which have been rallying for much of 2021, the tanker market is more than lackluster. In a recent note, shipbroker Allied Shipbroking said that “the tanker market has been off balance for quite s…
Tanker Market in the Doldrums As Owners Lose Liquidity By the Day Read More »
Activity is starting to ramp up in the ship recycling market of late. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “it is not just the typical rainy British summer being experienced at present, but a large glut of wet units …
Prices Could Move More Vintage Tonnage Towards Demolition Read More »
With bunker pricing moving upwards a new revision of Worldscale rate is expected to transpire. In its latest weekly report, shipbroker Gibson said that “the past couple of years have been very turbulent in many international markets due to the global p…
Bunker Prices Are Edging Higher and Could Impact the Tanker Freight Rate Benchmarks Read More »
The tanker market remained in subpar level during the month of July. According to the latest monthly report from OPEC, events in July provided little momentum to the languishing tanker market, with dirty freight rates remaining at subdued levels. As so…
Tanker Market Subdued During July Read More »
The global seaborne coal trade is slowly showing signs of a recovery after a difficult 2020 and to a lesser extent first half of 2021. In a recent weekly note, shipbroker Banchero Costa said that “2020 proved to be a truly terrible year for global seab…
Global Seaborne Coal Trade Showing Early Signs of Recovery Read More »