Freight rates are about to face renewed downward pressure, on the back of a new wave of lockdowns around the world, with Europe being the most obvious example. Shipbrokers anticipate a new blow on demand for shipping, which will inevitably translate to…
Shipping Demand To Suffer After Wave of New Lockdowns Read More »
Despite enough potential supply of tonnage primed for demolition, it seems that the conclusion of deals has been elusive over the course of the past few weeks. Ship owners appear to be shying away from doing more deals with scrapyards. In its latest we…
Ship Owners Shun Away from the Demolition Market Read More »
Most of the activity these days is centered around the S&P market, with ship owners looking for quality tonnage, mainly in the dry bulk market. However, some activity was also evident in the newbuilding market as well. In its latest weekly report, …
Newbuilding Activity Showing Signs of “Life” Read More »
The tanker market is looking at more months of losses and negative pressure on freight rates, as a result of worsening fundamentals. In a recent weekly report, shipbroker Allied Shipbroking said that “it has been a catastrophic 3rd quarter for the crud…
Tanker Market Braced for Tough Winter Months Read More »
India is gearing up to become a major player in seaborne oil demand, offering a valuable boost in the tanker market. In its latest weekly report, shipbroker Gibson said that “like most nations, Indian oil demand has come under considerable pressure in …
India Bound to Make Waves In the Tanker Market Read More »