VLCC spot freight rates edged down further in May. Rates were pressured by ample availability, as the tonnage list remained in excess due to limited scrapping and relatively steady new tanker deliveries. As a result, all routes experienced losses, but …
Tankers: VLCC Market on the Slide During May Read More »
With the news emerging from the demand side of the shipping market, not particularly rosy for reasons attributed to the various trade war fronts around the world, ship owners might have to turn to the supply side of things, in order to improve the mark…
Ship Owners Need to Step Up Demolition Activity For a Sustainable Market Rebound Read More »
Acknowledging the important role of the Audit Committees in the establishment of effective corporate governance, PwC Greece brought together a group of Audit Committee Chairs of US listed shipping companies to an exclusive roundtable titled “Audit Comm…
Bank shipfinance for Greek shipping slowed down its contraction to a rate of -1.52% during 2018 from -5.62% in 2017 and -8.77% during 2016. The overall Greek loans (both drawn and committed but undrawn) booked both in Greece and worldwide as of 31/12/2…
Ship Finance Expected to Rise Once Again, After Years of Contraction Read More »
The market for tankers is expected to trend higher moving forward, according to experts. In its latest weekly report, shipbroker Intermodal said that “this year’s tanker S&P activity keeps edging higher compared to the same period in 2018. Year to …
Tankers: Ships’ Values Expected to Trend Higher Read More »