The ship recycling market seems set for a rebound of activity, as more and more economies reopen after lockdown measures. However, things are still pretty tentative. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “with the sta…
Reopening of Economies Triggers More Demolition Activity But Only Just Read More »
During the past two decades, China’s rise as an economic powerhouse has also triggered a massive expansion of the shipping industry, both in China, but also globally. So, with the country coming to terms with the first major economic crisis of its rece…
China’s Influence on Global Shipping Now More Important Than Ever Read More »
The tanker market is about to enter the “eye of the storm” in the weeks and months to come, as a result of lower oil demand and heightened tonnage supply. As such, any good news from a specific trade could provide a lifeline, but things aren’t that ros…
Tanker Market Looking for Lifelines Ahead of Tough Second Half Read More »
The recession currently underway globally is bound to have a negative impact on demand for ships. However, the scale of the recovery will also be key for the shipping industry, as some countries will bounce back quicker than others. Which ones will man…
Shipping is Waiting for the Global Economy to Bounce Back Read More »
Ship owners are turning towards second hand ships in the post-pandemic era, at least for now, turning their backs on newbuilding orders. In its latest weekly report, shipbroker Allied Shipbroking said that “on the dry bulk side, the relatively good mom…
Second hand Ships A More Attractive Proposition for Ship Owners At Present Read More »