Many question marks still linger regarding the expected rebound of the product tanker freight rate market, as we approach the second half of the year, when many ship owners are predicting a rally, on the back of the IMO 2020 rules. In its latest weekly…
Product Tankers: Will the Market Rally During the Second Half of 2019? Read More »
Shipowners’ “appetite” for dry bulk newbuildings hasn’t waned at all during 2019. In its latest weekly report, shipbroker Allied Shipbroking noted that “a stable flow of new orders for dry bulk vessels has been witnessed from the beginning …
Dry Bulk Newbuildings the “Weapon of Choice” Among Shipowners Read More »
The first four months of 2018 have put a huge dent in the long-term recovery of the dry bulk market. In a recent analysics, shipbroker Banchero Costa said that “2018 was a reasonably positive year for the dry bulk sector, with the Baltic Capesize, Pana…
Dry Bulk Market: 2019 Freight Rates Losses of Up to 35.7% Cloud Market’s Recovery Read More »
Greece has been buying most of their second hand purchases from Germany during 2019. So far this year, Germany has sold 17 second hand vessels to Greek owners, tying first place with Japanese sellers who have also handed over 17 vessels during the last…
Greeks make plays for German second hand vessels in 2019 Read More »
The tanker market is bracing for a tumultuous period ahead, according to ship owner Teekay Tankers. However, a slowdown in fleet growth and a potential rise in US crude oil exports could offer some respite in the long term. Teekay Tankers said in its m…
Tankers: Near-Term Headwinds Ahead Read More »