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 »
In its latest weekly report, shipbroker Allied Shipbroking said that “these past two weeks we saw 4 kamsarmaxes and 1 handysize being added in the global dry bulk orderbook. The encouraging freight market performance during the last few months has over…
Ship Owners Adding More Newbuildings and Secondhand Ships As Freight Market Improves Read More »
By investing in quality of service, a critical element to win over the ever demanding Greek ship owning community and led by capable and maritime-savvy professionals like Mr. Dimitri Tsiftsis, the Bahamas Maritime Authority has managed to gain a signif…
The Bahamas Maritime Authority is Making Strides in the Greek Shipping Market Read More »