Ships’ recycling has taken a turn in favor of ship owners, as scarce tonnage has forced yards to compete for tonnage, leading to higher prices. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “a new week but unfortunately this …
Ship Demolition Activity Finding It Hard To Recover Read More »
Dry bulk carriers have been in high demand recently, as ship owners looked to capitalize on second hand investment opportunities. In its latest weekly report, shipbroker Allied Shipbroking said that “on the dry bulk side, the SnP market remained active…
Dry Bulkers In Demand Read More »
Tanker supply is edging near a 5-year low in many segments of the market. This development could bring positive news for tanker owners in the mid-term, which could also help make a case for more investment both in the S&P, but also in the newbuildi…
Tanker Market Fundamantals Could Turn Positive As Supply Is Down on Most Classes Read More »
Tanker owners should be wary of China’s recent formal announcement, pledging its carbon neutrality goals, as they are bound to have an adverse effect on the country’s crude oil imports moving forward. In its latest weekly report, shipbroker Gibson said…
Tanker Market Should Take Note of China’s Climate Pledges Read More »
The tanker market’s performance during the month of September was lackluster to say the least. In its latest monthly report, OPEC said that dirty tanker rates remained lethargic in September, as tonnage demand continued to be weak and the unwinding of …
Tanker Market in “Lethargic” Mode During September Read More »