While interest in the second hand ship market is still quite vivid, there’s a clear difference in preference, when compared to newbuildings. Ship owners seem to favor bulkers for their S&P purchases, while when it comes to newbuilding orderin…
Ship Owners Looking for Dry Bulkers, Ordering Tankers Read More »
Ship owners are investing heavily in the LNG shipping market, expecting a boom in the years to come, thanks to a rise in demand and the influx of a series of LNG projects in the global energy landscape. In a recent note, shipbroker Banchero Costa said …
LNG Shipping Primed for A New Round of Growth Read More »
With just a few years gone past since the opening of the US crude exports market, it has already managed to become one of the most important drivers of crude tanker demand. In its latest weekly report, shipbroker Gibson said that “without a doubt, the …
US Crude Exports Lead Tanker Demand to New Heights Read More »
According to the latest monthly report from OPEC, average dirty tanker spot freight rates rose 25% m-o-m in September, with gains across all classes. The seasonal upward trend was amplified by unplanned disruptions, allowing rates to recover from the r…
Ships’ recycling activity should pick up in the coming months, in order for the freight market to recover in the long-term. However, this hasn’t been the case so far in 2019, with many owners opting to hold on to their older vessels, with d…
Demolition Activity Should Pick Up For Rates to Recover in the Long-Term Read More »