As a traditional summer lull is on its way, ship owners are firming up their interest for newbuildings. In its latest weekly report, shipbroker Allied Shipbroking said that it was “an interesting week for the newbuilding market, with several fresh deal…
Newbuilding Orders Picked Up as Summer Holidays Approach Read More »
Ship owners are keeping their older ships in service, on the back of high dry bulk and container rates. As a result, tonnage availability in the demolition market is scarce and rates offered are through the roof, with some market observers reporting pr…
Ship Recycling Market Devoid of Tonnage Read More »
The container ship segment has exploded over the past couple of months and along with it, so has demand for container carriers. According to Intermodal’s latest weekly report, “in its latest Global Economic Prospects report, the world bank recorded the…
Container Ships In High Demand as Rates Skyrocket Read More »
VLCCs of lower spec have endured the worst spot market of the past two decades, during the first half of 2021. In its latest weekly report, shipbroker Gibson said that “VLCC spot earnings averaged just $500/day on the benchmark TD3C trade during the 1s…
VLCC Spot Market Posts Lowest First Half Earnings in Two Decades Read More »
The tanker market failed to recover during the month of June, according to the latest monthly report from OPEC. Dirty tanker rates remained at depressed levels in June as ample tonnage availability and constrained demand continued to weigh on the marke…
Tanker Market Remained Depressed During June Read More »