The operation of the new Dangote refinery in Nigeria is bound to affect the West African tanker market. At this point, it’s only a matter of when, not if. In its latest weekly report, shipbroker Gibson said that “a few months ago it was reported that t…
Tankers: The Nigerian Factor Read More »
With freight rates firming up in most shipping markets, ship owners have been less inclined to sell their older and – let’s not forget, debt-free ships for recycling. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “there…
“Healthy” Shipping Market Means “Unhealthy” Ships’ Recycling Market Read More »
The salvage industry faces numerous challenges nowadays. Salvage cases tend to be more complicated technically and expensive. This is, in large measure, due to the increased size of vessels, increased values of their cargo and external influences such …
Turbulence, volatility and extreme highs and lows are the “name of the game” these days, when it comes to the shipping markets. In its latest weekly report, shipbroker Allied Shipbroking said that “taking a focused look at the dry bulk and tanker secto…
In Shipping Markets, Rollercoaster Rides Are the Main Theme Read More »
Demand in the S&P market was mainly focused around product tankers over the past week. In its latest weekly report, shipbroker Banchero Costa noted that it was “a fairly active week with a clear focus on the product tanker segment. As usual we star…
Product Tankers In Demand Read More »