All hope for the tanker market’s recovery is rested on the second half of the year, when oil demand is expected to rebound considerably. In its latest weekly report, shipbroker Allied Shipbroking said that “the uninspiring freight scene in the crude oi…
No Respite for Tanker Owners Until the Second Half of 2021 Read More »
The ships’ recycling market has perked up considerably over the course of the past week. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “the market finally sparked back into some life this week with demand from Pakistan being …
Demand Improves in the Demolition Market Read More »
Newbuilding orders have been steadily on the rise during the past few weeks and last week was no exception to this trend. In its latest weekly report, shipbroker Allied Shipbroking said that it was “a rather interesting week for the newbuilding market,…
Fresh Ordering Keeps Feeding Into the Market Read More »
With the global economy and trade expected to develop rapidly in the post-pandemic period, shipbrokers expect that the dry bulk market and more specifically, freight rates for mid-sized bulkers could be the main beneficiaries. In its latest weekly repo…
Mid-Sized Bulkers To Benefit From Post-COVID Recovery Read More »
While the latest OPEC’s decision regarding oil supply, could lead to more “pain” for the tanker market, it could provide for long-term benefits. In its latest weekly report, shipbroker Gibson said that “this past week’s new that OPEC+ would keep produc…
Tankers: Long Term Prospects Could Be Rosier Read More »