The tanker market is about to enter the “eye of the storm” in the weeks and months to come, as a result of lower oil demand and heightened tonnage supply. As such, any good news from a specific trade could provide a lifeline, but things aren’t that ros…
Tanker Market Looking for Lifelines Ahead of Tough Second Half Read More »
The recession currently underway globally is bound to have a negative impact on demand for ships. However, the scale of the recovery will also be key for the shipping industry, as some countries will bounce back quicker than others. Which ones will man…
Shipping is Waiting for the Global Economy to Bounce Back Read More »
Ship owners are turning towards second hand ships in the post-pandemic era, at least for now, turning their backs on newbuilding orders. In its latest weekly report, shipbroker Allied Shipbroking said that “on the dry bulk side, the relatively good mom…
Second hand Ships A More Attractive Proposition for Ship Owners At Present Read More »
Demand for ship recycling has started to pick up pace during the course of the past week. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “Pakistan certainly seems to be the talk of the town offering the most competitive levels…
Ship Demolition Market Picking Up Pace Read More »
2019 was a year in which Greek shipfinance levels stood still at $53.1bn said Petrofin Bank Research in its latest annual survey. Bank shipfinance for Greek shipping has slowed down its decline further to -0.13% compared to -1.52% during 2018 from -5.6…
Hellas: Ship Financing Reaches $53.1 Billion As Local Banks Gain More Market Share Read More »