The turmoil in the global economy is taking its toll in the tanker market, with demand for oil expected to take a turn for the worse. This is expected to have a negative impact in demand for crude oil tankers as well. In its latest weekly report, shipb…
Tanker Market “Hostage” of Financial Turmoil Read More »
The tanker market was broadly unchanged during the month August, according to the latest OPEC report. Dirty vessel spot freight rates were broadly flat in August as gains in VLCCs were outweighed by declines in average rates for Aframax and Suezmax. A …
Tanker Market Flat During August Read More »
With the freight rate market on a high note, especially in the dry bulk segment, demolition candidates have been scarce, not to mention the lack of buying appetite by scrapyards. In its latest weekly report, shipbroker Clarkson Platou Hellas said that …
Ship Recycling Activity Held Back By Improved Freight Rates Read More »
Ship owners are in full swing these days, when it comes to newbuilding and S&P investments alike. Over the course of the past few weeks, activity in the newbuilding ordering market has increased considerably and the same has occurred in the second …
Market Optimism Boosts Investment in Modern Tonnage Read More »
The tide could be about to shift when it comes to the long-term sustainability of the dry bulk market’s rally, which has been ongoing over the course of the past few months. In its latest weekly report, shipbroker Allied Shipbroking noted that “i…
Is The Dry Bulk Market Rally Coming to an End? Read More »