When deciding for the type of tanker to invest for in the next 20 years, ship owners should take a closer look at future demand for various oil-based products, as things are bound to differentiate considerably, compared to today’s conditions. In its la…
Petrochemical to Drive Future Tanker Demand Read More »
The ship recycling market is struggling to find its footing. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “No demand = No demand! For most of the week the market has remained in a subdued state with Buyers still reluctant to…
Ships Recycling Market Struggles to Find its Footing Read More »
Ship owners have resumed their newbuilding investments over the course of the past few days, after a few weeks of hiatus in terms of activity. In its lateste weekly report, shipbroker Banchero Costa, said that in the newbuilding market, it was a “quite…
Newbuilding Orders Pick Up After Summer Hiatus Read More »
The tanker market is set for another blow emanating from the latest developments from the Venezuelan oil crisis. In its latest weekly report, shipbroker Gibson said that “in January 2019 the Trump administration announced tough sanctions against PDVSA,…
Tanker Demand to Suffer Venezuelan Blow Read More »
DryShips Inc. (the “Company”) (NASDAQ: DRYS) announced that it had entered into an Agreement and Plan of Merger (the “Merger Agreement”) with SPII Holdings Inc. (“SPII”), a company controlled by the Company’s Chairman and Chief Executive Officer, Georg…