The past week was a boon for shipbuilders, as owners flocked back to yards, contracting more vessels. In its latest weekly report, shipbroker Allied Shipbroking said that it was “a very impressive week for the newbuilding market, given the plethora of …
Newbuilding Orders Pick Up Pace Read More »
LNG shipping rates were hit during the third quarter of 2020, as demand was hit and outages in various facilities triggered supply issues as well. In a recent analysis of the LNG shipping market, GasLog said that “LNG demand was 84 million tonnes (“mt”…
The tanker market is bound for a revival, but just how soon this will come is anyone’s guess. In its latest weekly report, shipbroker Gibson said that “the announcement that a Covid-19 vaccine developed by Pfizer/BioNTech is over 90% effective in trial…
Tanker Owners Could be in For More Pain Read More »
The tanker market retained its weakness throughout the month of October, according to the latest monthly report from OPEC. According to the report, the tanker market remained weak in October, with dirty tanker rates depressed by ample tonnage availabil…
Weakness Prevails in the Tanker Market During October Read More »
A toning down of the political uncertainty and turmoil stemming from the US has managed to offer a much need reprieve to the dry bulk market. Even though trade uncertainties dominate, it seems that the overall market sentiment is inclined to believe th…
Dry Bulk Market Receives Boost From US Election Outcome Read More »