2019 was definitely a year to remember for tanker owners. In its latest weekly report, shipbroker Gibson said that “this year started on a positive note for tankers. Healthy earnings were seen in early 2019 supported by strong demand at the time, weath…
Tanker Market in 2019: A Glass Half-Full Read More »
The tanker market has managed to stage a significant recovery during the past three months, helped by sanctions imposed by the US, which effectively took tonnage out of the market. The same can’t be said for the dry bulk market. In a recent report, shi…
Tanker Market Ending 2019 on a Strong Note, But Dry Bulk Is Still Underwhelming Read More »
No sense of direction and a “sea of uncertainty” are the reasons behind the dry bulk market’s lackluster performance of late. As a result, 2019 ends with a lack of optimism on the future. In a recent weekly report, shipbroker Allied Shipbroking said th…
Dry Bulk Market Plagued With Uncertainty Read More »
Ships’ recycling activity has accelerated over the past couple of weeks, in what appears to be a long-awaited increase in sales of older vessels. In its latest weekly report GMS, the world’s leading cash buyer of ships, said that “activity has ramped u…
Demolition Market Fired Up Read More »
The final influx of newbuilding contracting for 2019 is taking place these days, with not much to report. In its latest weekly report, shipbroker Banchero Costa said that “a few major orders to report this week starting from the big spending Maran Tank…
Last Newbuilding Orders of 2019 Taking Place Read More »