The tanker market could be headed for some turbulence in the coming months. In its latest weekly report, shipbroker Gibson said that “in recent years, the tanker market has faced quite a few tailwinds. Structurally, the industry has benefitted from the…
Tankers: Choppy Waters Ahead Read More »
The tanker market show weakness during the month of November, OPEC said in its latest monthly report. Dirty spot freight rates declined across all monitored routes in November, as rising vessel availability outpaced limited tonnage demand. On the Middl…
Tanker Market Declined During November Read More »
Tanker demand from Saudi Arabia has been declining steadily since the start of 2023, with this year proving to be the same, as a result of declining crude oil exports from the Kingdom. In its latest weekly report, shipbroker Banchero Costa said that “2…
Tanker Market: Saudi Arabia Crude Oil Exports Down During 2024 Read More »
The ship recycling market has remained in a sea of calm, with low activity. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships said that “this week in the recycling markets was characterized by stability and sub…
Ship Recycling Market in Sea of Calm Read More »
Newbuilding activity has kept it upward trend over the past week. In its latest weekly report, shipbroker Banchero Costa said that “business activity remained robust this week, with 45 new orders secured. Maersk secured 20 Containership orders of which…
Newbuilding Orders on the Rise Read More »