Ship owners appear to have benefited from lower interest rates, when it comes to financing new deals. In its latest weekly report, shipbroker Intermodal said that “since the Covid-19 outbreak, governments and central banks around the globe have been us…
Pandemic Has an Unexpected “Silver Lining” for Ship Owners Financing-Wise Read More »
Once a very important tanker play, Japan’s crude oil imports have been steadily decreasing in the past few years. In its latest weekly report, shipbroker Banchero Costa said that “Japan is one of the largest consumers of oil in the world, relying exclu…
Japan’s Oil Imports Fail to Bring Relief to Tanker Owners Read More »
The pandemic effect has changed the dry bulk market’s fundamentals. In its latest weekly report, shipbroker Allied Shipbroking said that “early on in the Covid-19 pandemic, there may have been a minority who from the very beginning could see this as an…
Dry Bulk Market’s Fundamentals Different Than Six Months Ago Read More »
Tanker owners are bracing for a tougher second half, as the market is bound to shift. In its latest market outlook, ship owner Teekay Tankers said that “crude tanker spot rates remained firm during the second quarter of 2020, particularly during the ea…
Tanker Market Expected to be Weaker Until the End of 2020 Read More »
On 20th July 2020 the naming ceremonies of m/v’s Socrates Graecia and Aristoteles Graecia were held in Jingjiang, Jiangsu Province, China. The two newbuildings were the last two of a series of eight sister Kamsarmax bulk carriers (82,000 tons) built by…
New buildings M/Vs SOCRATES GRAECIA & ARISTOTELES GRAECIA Iin COVID-19 times Read More »