In the weeks leading up to 2020, a lot of analysts were predicting a solid rebound in product tanker market freight rates, a scenario which, for the most part, was materialized. So, how has the market reacted in the weeks after the start of 2020? In it…
IMO 2020: What’s The Implication in the Tanker Market So Far? Read More »
The tanker market has had quite a ride during the first month of 2020. According to the latest monthly report from OPEC, issued this week, dirty tanker spot freight rates in January continued the roller coast movement seen since September, this time gi…
Tanker Market on Rollercoaster Mode Read More »
The shipping industry as a whole is in dire straits, as a result of the negative impact from the Coronavirus. It’s not only freight rates which are crashing, but also other aspects of the industry, like for instance shipbuilding and shiprepair ac…
Shipping in Peril From the Coronavirus Aftermath Read More »
The current freight rate crisis across most markets could offer a solid opportunity for ship owners to sell some of their older ships and alleviate tonnage oversupply issues. However, over the course of the past week, prices offered by scrapyards have …
Demolition Market Under Pressure as Rates Fall Read More »
With the freight rate market in dire straits, ship owners have turned their attentions on finding investment opportunities in the S&P market. In its latest weekly report, shipbroker Allied Shipbroking said that “the current distressed conditions no…
Newbuilding Market on “Freeze Mode”, But S&P Transactions Higher Read More »