The dirty tanker market has fallen from the recent highs during the month of May, OPEC said in its latest monthly report. More specifically, the tanker market came back down to earth in May, after reaching strong levels in March. A major contributor to…
Tanker Market in Retreat During May Read More »
The dry bulk market is riding on a high as a result of demand picking up around the world. In its latest weekly report, Allied Shipbroking said that “a remarkable change has been witnessed of late in the dry bulk market, with demand ramping up signific…
Dry Bulk Market: Rates Skyrocket as Demand Picks Up Read More »
Ships’ recycling activity has started to retreat to normal levels after the initial rush by ship owners, as the market gradually reopened, following weeks of hiatus.In its latest weekly report, shipbroker Clarkson Platou Hellas said that “after last we…
Demolition Activity Subsides After Initial Flurry of Deals Read More »
Ship owners have been more active in doing deals in the S&P market, rather than the newbuilding one. In its latest weekly report, shipbroker Banchero Costa noted that it was an “active week in the dry bulk market: a Japanese Capesize named CAPE AGN…
Ship Owners More Active in the S&P Market Read More »
The implications from Libya’s latest absence from the tanker market are bound to affect rates in this part of the world. While a return to stability appears to still have some way to go, before it’s materialized, recent efforts to restore production an…
Libya’s Return to The Market Could Help Tankers Read More »