The market for ship tankers could soon welcome a new member in Guyana. In its latest weekly report, shipbroker Gibson said that “there may be few new frontiers left in the oil market, with most regions having been tested, even if deemed to be uneconomi…
Tanker Owners Could Have a New Market Soon Read More »
While the dry bulk market has managed to recover over the past couple of months and net fleet growth remains moderate, ship owners will have to be wary ahead of a trade war, which means that more demolitions could be in order, in order to alleviate ton…
Dry Bulk Ships’ Demolition Rate at Lowest Level of the Past Five Years Read More »
On the back of the past couple of months’ turmoil in the Gulf Arab region, fixing a tanker on a charter basis is no easy task. In its latest weekly report, shipbroker Intermodal commented that “on the 12th of May four tankers were attacked near t…
Tanker Charters a Very Complex Affair Read More »
The demolition market has remained on a downward path this week, with recyclers offers declining and ship owners refraining from more deals. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “the mood in the market slipped furthe…
Ship Recycling Market on Further Downward Slump Read More »
Dorian LPG Ltd., a leading owner and operator of modern very large gas carriers (“VLGCs”), yesterday reported its financial results for the three months ended June 30, 2019. Highlights for the First Quarter Fiscal Year 2020 • Revenues of $6…
Dorian LPG: “Older VLGC Tonnage to Exit the Market, On High Cost of Retrofitting” Read More »