The ships’ recycling market has been mixed during 2019, with the first half being rather normal, before plunging by 20% over the second half, mainly as a result of improved freight rate markets. In its latest report, shipbroker Clarkson Platou Hellas s…
Strong Shipping Market Hurt Demolition Market During Second Half of 2019 Read More »
Ship owners have sought to seal a number of deals prior to the end of 2019, both in the newbuilding and the second hand markets. In its latest weekly report, shipbroker Allied Shipbroking noted that “things remained interesting for yet another week in …
2019 Ends With Plethora of Newbuilding and S&P Deals Read More »
The Capesize dry bulk market experienced another rollercoaster year in 2019, beginning in dire straits, improving gradually, then rallying, before retreating once more as the year faded. In its latest monthly report, shipbroker Banchero Costa said that…
A Rollercoaster Year for the Capesize Market Read More »
2019 was definitely a year to remember for tanker owners. In its latest weekly report, shipbroker Gibson said that “this year started on a positive note for tankers. Healthy earnings were seen in early 2019 supported by strong demand at the time, weath…
Tanker Market in 2019: A Glass Half-Full Read More »
The tanker market has managed to stage a significant recovery during the past three months, helped by sanctions imposed by the US, which effectively took tonnage out of the market. The same can’t be said for the dry bulk market. In a recent report, shi…
Tanker Market Ending 2019 on a Strong Note, But Dry Bulk Is Still Underwhelming Read More »