The tanker market is bound to face more ups and downs, as disruptions in crude oil supply are dominating headlines. In its latest weekly report, shipbroker Allied Shipbroking said that “it has been a relatively bumpy ride these past few weeks for the c…
Crude Oil’s Wild Market Ride, Leaves Ship Owners in a Bind Read More »
Public holidays in China and S. Korea have eroded investment appetite in the newbuilding market over the course of the past week. In its latest weekly report, shipbroker Allied Shipbroking said that “it was another week with limited interest from poten…
Newbuilding Orders Dry Out, But Investment in Second Hand Tonnage Still Rather Active Read More »
Plenty of ships were sold for scrap over the past week, however, as rates for both the dry bulk and the container markets soared, demolition candidates are bound to diminish in numbers. In its latest weekly report, shipbroker Clarkson Platou Hellas sai…
Demolition Market Activity Could Tumble on Improving Freight Rate Market Conditions Read More »
The shipping market is undergoing a challenging 2020 in terms of freight rate market, amid a global pandemic, which has disrupted the global supply chain. In its latest weekly report, shipbroker Intermodal said that “the challenges brought forward in 2…
Demand for Seaborne Shipping Is Still Here Despite Pandemic Disruption Read More »
China’s fourth quarter crude oil imports remain a conundrum. In theory, China’s refineries have ample import quota to utilize, should they need to increase imports. However, this development is far from certain at this point in time. In its latest week…
China Crude Oil Imports Could Trigger Tanker Market Upside During Fourth Quarter Read More »