With the next OPEC meeting soon underway, tanker owners are looking for the next oil market’s direction. In its latest weekly report, shipbroker Gibson said that “in just a few weeks’ time OPEC and its allies will meet again to discuss the oil markets….
Tankers: Oil Market’s Balancing Act Will Require More Cuts Read More »
The tanker market was quite the ride for ship owners. In its latest monthly report, OPEC said that a host of factors in the tanker market in October pushed rates to the highest on record on all major routes. The market had been expecting a seasonal pic…
October Marks Record Month for the Tanker Market Read More »
Ship owners are adopting a rather conservative approach, when it comes to their new investments in the market, given the amount of uncertainty there is on the market. In its latest weekly report, shipbroker Intermodal said that “the improvements seen i…
Ship Owners Adopting “Defensive” Tactics Read More »
The second-hand market for ships is quite volatile at the moment, as many owners are actively looking for investment opportunities, in a time when the majority of them refrain from newbuilding orders. In its latest weekly report, shipbroker Allied note…
Volatility Reigns in the S&P Market, as Newbuilding Orders Dry Up Read More »
With activity in the ships’ recycling market still far and apart, the tables are turned, also among scrapyards. In a report this week, GMS, the world’s leading cash buyer of ships said that “for the first time this year, the top spot on the…
“Change of Guard” in Demolition Market as Bangladesh Loses Top Spot Read More »