With the majority of shipping markets on a downward path, market delegates were expecting an increase in ships’ recycling activity and this scenario is now materializing. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “i…
Demolition Market Off to a Good 2020 Start Read More »
For all of China’s efforts to lower its dependance on coal as a primary energy source, the country remains a major factor for seaborne coal demand. In a recent weekly note, shipbroker Banchero Costa said that “China’s coal imports raced ahe…
Dry Bulk Market: China’s Coal Imports Still a Major Factor Read More »
The tanker market is among the key beneficiaries of the recent US-China Phase 1 trade agreement. However, other markets could benefit as well. In its latest weekly report, shipbroker Gibson said that “after nearly two years of trade tensions, the US an…
Trade Agreement Positive for Tankers Read More »
The tanker market enjoyed a solid growth run during the month of December with Aframaxes posting the biggest gains, OPEC said in its latest monthly report. The tanker market experienced a general strengthening trend in December as freight rates in both…
Tanker Market Enjoys Bull Run in December Read More »
The shipping industry will have to plan ahead this year, using a number of assumptions and scenarios, which are expected to hurt global trade and cargo demand. For the most part, predicting where the market will be in a few weeks’ time is proving…
Shipping Faced With Series of Uknown Variables in 2020 Read More »