The ship recycling markets have exhibited a mixed performance depending on each submarket. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships, said that “Indian recyclers continue to face challenges in securing …
Ship Recycling Market Showing Mixed Performance Read More »
Activity over the past week looked to be more dynamic in the S&P front, rather than the newbuilding market. In its latest weekly report, shipbroker Xclusiv said that “on the On the Newcastlemax sector, Chinese buyers acquired the “RTM CARTIER” R…
Ship Owners Move Towards Second Hand Vessels Read More »
A number of developments could turn India into the next major importer of dry bulk commodities, after China. In its latest weekly report, shipbroker Intermodal said that “in a global environment defined by geopolitical uncertainty and inflationary pres…
Dry Bulk Market: Is India Emerging as a Major Importer? Read More »
The resumption of crude oil flows and ships from the Strait of Hormuz is the catalyst of any future move in the tanker market, as oil supply is currently being restricted. Meanwhile, just as things started looking rosier by Friday afternoon, Saturday p…
Tanker Market: All Eyes on Hormuz Strait Read More »
Last month proved to be a record one for the tanker market. In its latest monthly report, OPEC said that in March, trade disruptions and moves to source alternative crude supplies pushed dirty tanker spot freight rates to record levels. On the West Afr…
Tanker Market Reached Record Levels in March Read More »