The chemical tanker segment, often difficult to distinguish from the product tanker one, is poised for growth over the next few months, on the back of increased demolitions and a slowdown in net fleet growth, as well as new export markets coming into p…
Chemical Tanker Segment Well Positioned for Growth Read More »
Just four VLCCs and five Suezmaxes have been scrapped during the Jan-October period, with most owners refraining from selling their older ships for demolition, altering the tanker market fundamentals. In its latest weekly report, shipbroker Gibson said…
Just 4 VLCCs Scrapped During 2019 Read More »
The transitional period regarding shipping fuels, with the pending introduction of low-sulphur fuels, come 2020, has started to cause some “headaches” for ship owners. According to Intermodal’s latest weekly report, “with less than two months before th…
Ship Owners in Fuel “Limbo” Until 2020 Comes Read More »
The dry bulk market seems to be settling down to yet another bearish period, after third quarter’s rebound. In its latest weekly report, shipbroker Allied Shipbroking noted that “with the dry bulk market having shown a gradual downward correction…
Dry Bulk Market: Bearish Sentiment Prevails Once Again Read More »
The disappointing figures related to the demolition activity this year have continued over the course of the past week as well, in yet another indication, that the gradual improvement of the freight rate market during 2019 has deterred many owners from…
Demolition Market Still on “Standby” Mode Read More »