Dry bulk tonnage is a “hot commodity” right now, as ship owners are opting to add more tonnage in their fleet, in anticipation of improved market fundamentals moving forward. In its latest weekly report, shipbroker Allied Shipbroking said that “a moder…
Ship Owners Turn to S&P Market for More Tonnage Read More »
A lack of available tonnage has proven to be a hindrance when it comes to increasing ship recycling activity. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “after the recently impressive price indications witnessed, it is sur…
Lack of Tonnage Hinders Scrapping Activity Read More »
The ship repair sector faced significant disruptions during most of 2020, as a result of the pandemic. However, things are starting to normalize as both owners and yards have adapted to the new challenges. In its latest weekly report, shipbroker Interm…
Ship Repair Sector Returns to Normalcy Read More »
An increase in ton-mile demand is to be expected from news mid-week, that India is looking to change its crude import strategy. In its latest weekly report, shipbroker Gibson commented on the matter that “India is in a unique position. The country will…
India’s Crude Import Strategy to Benefit the Tanker Market Read More »
The tanker market fared better during the month of February. According to the latest monthly report from OPEC, issued this week, dirty tanker rates picked up in February, as a more than 20% increase in both Suezmax and Aframax spot freight rates outpac…
Tanker Market Improved During February Read More »