The effects of the coronavirus are soon to be felt hard in the tanker market as well, with disruptions expected to reap havoc in the wet segment’s supply chain, not to mention the scheduled drydocks and retrofittings. In its latest weekly report, shipb…
Shipping Disruptions Expected on Tanker Market Read More »
While shipping markets are already in a huge slump over the past couple of weeks, the offshore market is also under immense pressure, exacerbated by the looming fall in oil prices. In its latest weekly report, shipbroker Intermodal said that “the oil a…
Offshore Market Also in the Doldrums Read More »
The dry bulk market is reeling under pressure in the aftermath of the coronavirus outbreak. With the most affected area in China, being predominantly a steel producing region, demand for iron ore has plunged. Additionally, freight rates have plunged as…
Dry Bulk Market: Unique Circumstances Plaguing Rates and Shipping Companies Read More »
Amidst a major crisis like the current one, with most of China under lock-down, the shipping industry has a solid opportunity to accelerate the decommissioning of a significant number of older vessels. And as it turns out, this has been the case so far…
Older Ships Are Being Rushed to the Scrapyards Read More »
The combination of a slump in freight rates, but also a general lack of activity due to the Coronavirus has limited ship owners’ appetite for deals in the market, most notably in the newbuilding segment, but also in the S&P market. In its latest we…
Ship Owners Looking for Deals only in the S&P Market Read More »