Demand for new ships’ acquisitions is diminishing by the day, as ship owners are refraining from more investments. The negative impact of the COVID-19 pandemic on the global economy and world trade, is now expected to trigger the “worst global recessio…
Ship Owners Are Turning Their Backs on More S&P Deals Read More »
Ships’ recycling activity has been virtually impossible over the past few days, as a result of strict lockdown and quarantine measures around the world, most notably the Southeast Asia region. In its latest weekly report, shipbroker Clarkson Platou Hel…
Ships’ Demolition Under Quarantine Read More »
The 2019 Brazil-China iron ore trade was marred by a series of mishaps. In a recent weekly report, shipbroker Banchero Costa said that “in the 12 months of calendar 2019, Brazil exported 340.9 mln tonnes of iron ore, according to vessel tracking data f…
Brazilian Iron Ore Exports in 2019 Make for a Sad Reading For Dry Bulk Ship Owners Read More »
The tanker market has offered reason for respite for tanker owners amid the pandemic. In its latest weekly report, shipbroker Allied Shipbroking said that “with the first quarter of 2020 now firmly written in the books, it is worth examining what we ha…
Tankers a Silver Lining for Ship Owners Read More »
The effects of the global pandemic of COVID-19 are bound to stick with us for a long time. One immediate consequence though has been the immense difficulty in normal shipping operations, as well as the conclusion of deals in the S&P market, due to …
Ships’ Sales Difficult to Proceed Amid Pandemic Read More »