Tanker owners are bracing for a tougher second half, as the market is bound to shift. In its latest market outlook, ship owner Teekay Tankers said that “crude tanker spot rates remained firm during the second quarter of 2020, particularly during the ea…
Tanker Market Expected to be Weaker Until the End of 2020 Read More »
On 20th July 2020 the naming ceremonies of m/v’s Socrates Graecia and Aristoteles Graecia were held in Jingjiang, Jiangsu Province, China. The two newbuildings were the last two of a series of eight sister Kamsarmax bulk carriers (82,000 tons) built by…
New buildings M/Vs SOCRATES GRAECIA & ARISTOTELES GRAECIA Iin COVID-19 times Read More »
Ship owners in the dry bulk market have been adding more tonnage, as demand is picking up. In its latest weekly report, shipbroker Intermodal said that “the dry bulk sector is beginning to recover from reduced SnP activity recorded in the first quarter…
Smaller Bulkers In High Demand Read More »
The end of the oil storage play, together with uncertainty over crude oil demand in the months to come, are expected to exert pressure on the tanker market in the weeks to come. In its latest weekly report, shipbroker Allied Shipbroking said that “duri…
Tankers Are Looking at More Uncertainty Moving Forward Read More »
The ships’ recycling market has slowed down over the course of the past week, as a holiday slowdown has apparently had an impact. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “the market feels stale at this current time as t…
Demolition Activity On “Holiday Mode” Read More »