Ship owners have been more active in the demolition market this week, as freight rates have retreated in most markets, triggering an exodus of older units. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “it would appear that m…
Demolition Market Off to a Good Start Read More »
The US crude oil export market is fast becoming a major one for tankers. In a recent report, shipbroker Banchero Costa said that “driven by the shale oil boom of the last decade, the United States have rapidly increased both the production and the expo…
The US Crude Oil Factor in the Tanker Market Read More »
The tanker market is having to cope with yet another Libyan crisis and its effect in the flow of crude oil cargoes from the Northern African country. In its latest weekly report, shipbroker Gibson said that “yet again, global crude production has taken…
Tanker Market: The Libyan Effect Comes to the Fore Once More Read More »
The shipping industry has been looking forward to a trade deal between the US and China for quite some time now. As a result, the latest positive development is expected to boost the fortunes of both the dry bulk and the tanker markets, but also to inc…
Shipping Is Looking to Benefit from the US-China Trade Agreement Read More »
Trying to see the shipping market’s “glass” as “half-full”, shipbrokers are estimating that even under the worst-case scenarios, when it comes to the future growth of the global economy, shipping should manage. In its latest weekly report, shipbr…
Will Shipping “Sink or Swim” in a Sluggish Global Economical Environment? Read More »