2020 won’t be a year to remember for newbuildings. A combination of pandemic, trade contraction and uncertainty surrounding existing and future regulation compliance guidelines, pushed more ship owners towards the S&P market for their tonnage needs…
Ships’ recycling activity could be set for a strong start to 2021, with price sentiment improving across most of Southeast Asia. This could trigger more tonnage availability in the coming weeks. In its latest weekly report, shipbroker Intermodal said t…
Improved Pricing Could Trigger More Tonnage Sold for Scrap Read More »
Less volatility and improved earnings on the latter part of the year, are the predicted trends for the tanker market during 2021. In its latest weekly report, shipbroker Allied Shipbroking said that “with the year coming to an end, it is worth taking a…
Tankers: From a Rollercoaster Ride of 2020, to Calmer Waters During 2021 Read More »
The pace of shipping’s recovery could be determined by the so called “vaccine race”. In its latest weekly report, shipbroker Allied Shipbroking said that “here we are, but a few days before the end of a very eventful year, while the focus amongst many …
“Vaccine race” Could Determine the Pace of Shipping’s Recovery Read More »
As Middle East crude oil exports are a vital part of the tanker market, it’s worth taking a look at the latest market fundamentals. In a recent weekly report, shipbroker Banchero Costa said that “Kuwait is the fourth largest exporter of crude oil in th…