2019 has proven to be just as hard as 2018 for tanker owners, but for a whole new set of reasons. While last year was characterized by shipping’s own shortcomings, as a result of an imbalance between supply and demand, 2019 is proving to be the year of…
Tankers Bear the Brunt of Geopolitical Uncertainties Read More »
With more than 230 sales of bulkers so far in 2019, Greek and Chinese ship owners are dominating proceedings, although with different strategies. Greek owners are looking for modern dry bulk tonnage, which Chinese are more inclined to acquire ships bui…
Dry Bulk Modern Tonnage the “Weapon of Choice” Among Greek Ship Owners Read More »
Ship owners and more specifically tanker owners have been tasked with yet another twist, in their efforts to trade their vessels, after the latest developments in the Strait of Hormuz. In its latest weekly report, shipbroker Allied Shipbroking said tha…
Hormuz Strait Tensions, a Nightmare Scenario for Shipping Read More »
It’s no secret that 2019 hasn’t proven to be the landmark year that many had hoped, with regards to the ship recycling activity. With freight rates reeling under the trade wars’ pressure and an increase in tonnage supply, it was regar…
Ship Recycling On A Steadily Declining Path, Spells Bad News For Ship Owners Read More »
Shipyards around the world are scrambling for new orders’ intake, as more and more ship owners are refraining from committing large sums of money on newbuilding projects as a result of limited funding and the fluidity of the freight rate market a…
Limited Activity Reigns Over the Newbuilding Market Read More »