China has emerged as a major “player” in the crude oil import market. In a recent weekly report, shipbroker Banchero Costa said that “China’s crude oil imports exceeded all expectations so far in 2020, as the country tried to take advantage of very low…
China’s Crude Oil Imports: Trading Patterns Largely Unchanged So Far This Year Read More »
Shipping is being dealing with a double-edged sword lately, as it is faced with stringer environmental measures around the world, while also having to cope with a slowdown in seaborne trade, which is having an adverse effect on revenues. In fact, it is…
Demand for Seaborne Trade to Remain Low for the Next 12 Months Read More »
Ships’ recycling market has returned to higher ground, with demand for tonnage in healthy levels. In its latest weekly report, shipbroker Allied Shipbroking said that “the ship recycling market seems to be holding its positive tone as of late, given th…
Demolition Market Heating Up Read More »
Newbuilding activity remained on a healthy track during the course of the past week, as more owners moved ahead with contracting. In its latest weekly report, shipbroker Allied Shipbroking said that “the newbuilding market remained on a relatively “goo…
More Newbuilding Deals Reported, As Ship Owners Proceed With Investment Strategies Read More »
The impact of COVID-19 in the dry bulk market could be assymetrical in terms of its timing in demand and freight rates. In its latest weekly report, shipbroker Allied Shipbroking said that “a month or so ago, many were still holding out hope for someth…
Dry Bulk Market to Face Assymetrical Impact from COVID-19 Read More »