Shipowners are looking for ways to exploit the current market uncertainty. As such, shipbrokers are reporting a number of deals both in the newbuilding and the S&P market. In its latest weekly report, shipbroker Allied Shipbroking said that “it was…
Newbuildings and S&P Deals Make for an Interesting Reading Read More »
With shipping having to cope with extraordinary circumstances and challenges, due to the COVID-19, demolition of older ships have taken a back seat of late. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “to avoid confusion – …
Demolition Market Still Under Lockdown Read More »
EU crude oil imports were “business as usual” after the first quarter of 2020, as the effects of the pandemic hadn’t made an impact yet. In its latest weekly report, shipbroker Banchero Costa said that “between February and March 2020 Europe emerged as…
EU Crude Oil Imports Robust After First Quarter of 2020 Read More »
It’s not only VLCCs crude oil tankers benefiting from the oil market disruptions. Product tankers are also among the beneficiaries of the current market situation. In its latest weekly report, shipbroker Gibson said that “globally the products tanker m…
Product Tankers Among the “Winners” Of Today’s Market Read More »
The tanker market has been one of few segments of the oil industry that enjoyed positive momentum in March, OPEC said in its latest weekly report, with gains in both dirty and clean spot freight rates. A sudden surge in crude exports early in March boo…
March Was a Positive Month for Tankers Read More »