The dry bulk market’s latest rally, most notably in the Capesize market, while welcome, isn’t entirely down to fundamentals and as such, could be short-lived. In its latest weekly report, shipbroker Allied Shipbroking noted that “while the Covid-19 pan…
Dry Bulk Market’s Rebound Not Directly Linked to Demand Growth Read More »
Demand for second hand bulkers has been strong, on the back of a strong freight market. However, deals are hard to conclude with sellers reluctant to let go of their assets in current pricing. In its latest weekly report, shipbroker Banchero Costa said…
Second Hand Bulkers In Demand But Few Deals Are Being Concluded Read More »
The ship recycling market seems set for a rebound of activity, as more and more economies reopen after lockdown measures. However, things are still pretty tentative. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “with the sta…
Reopening of Economies Triggers More Demolition Activity But Only Just Read More »
During the past two decades, China’s rise as an economic powerhouse has also triggered a massive expansion of the shipping industry, both in China, but also globally. So, with the country coming to terms with the first major economic crisis of its rece…
China’s Influence on Global Shipping Now More Important Than Ever Read More »
The tanker market is about to enter the “eye of the storm” in the weeks and months to come, as a result of lower oil demand and heightened tonnage supply. As such, any good news from a specific trade could provide a lifeline, but things aren’t that ros…
Tanker Market Looking for Lifelines Ahead of Tough Second Half Read More »