The tanker market is waiting for the looming decision on oil supply from OPEC’s coming meeting. In a recent weekly report, shipbroker Intermodal noted that “while the market expects the next OPEC meeting, there are still no clear signs indicating that …
OPEC and the Tanker Market: Oversupplied Market Will Dominate Proceedings Read More »
Tanker owners had their moment in 2019, during these crazy few weeks of October, but with the market gradually retreating since, they are quickly returning to the grim reality of the current market fundamentals. In its latest weekly report, shipbroker …
Tanker Market: Mild Optimism Should be the Norm Ahead of 2020 Read More »
Ship owners have turned their attention to the second hand market for dry bulk carriers. In its latest weekly report, shipbroker Banchero Costa said that it was “a pretty busy week in the dry bulk sector. Starting with larger units, BULK HARVEST around…
Ship Owners Snap Up More Bulkers Read More »
The demolition market in SouthEast Asia is about to transform over the next few years, after India’s approval of the Hong Kong Convention for the “green” recycling of ships. In its latest weekly report, GMS, the world’s leading cash buyer s…
Demolition Market: India’s Approval of the Hong Kong Convention is a Game-Changer Read More »
Tanker newbuilding orders have remained on the low-end of things during 2019, similar to the past few years, but are already higher than 2018, in a sign of increased investment “appetite”, most notably in the product tanker segment. In its latest weekl…
Tanker Newbuildings Low in 2019, but Still More than 2018 Read More »