The rebound of the tanker market is mostly dependent on the release of a vaccine to combat COVID-19, as this will prove to be the determining factor towards unlocking the global economy and with it, oil demand. In its latest weekly report, shipbroker G…
Tankers: A Vaccine Would Boost Oil Demand Read More »
The newbuilding activity has been severely impacted by the effects of the pandemic on global trade and shipping in general, with owners scaling back their investments. It’s a situation, in which one has to include the already high uncertainty caused by…
Newbuilding Activity Heavily Impacted by the Pandemic and Environmental Regulations Read More »
Ship owners looking to scrap their older vessels, are more likely to find a good deal in the Pakistani scrapyard market. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “it has been a week emphasizing how this market is ever ch…
Pakistan Leading Demolition Market Price-Wise Read More »
The dry bulk market upward prospects from 2021 onwards seem to have a “ceiling”. While futures indicate that an improvement could be on the cards until the end of 2020, the same can’t be said for the start of the next year moving forward. In its latest…
Dry Bulk Market: Positive Trend Appears to End by the Start of 2021 Read More »
NEWBUILDING Despite the overall uncertainty prevailing the global economy, it seems that interest for new orders in the dry bulk sector has started to rebound. This past week we noticed three new orders being placed, depicting the slow but steady retur…
Newbuilding: Dry Bulkers In Demand Read More »