LNG shipping hasn’t been able to avoid the negative impact from the drop in gas demand, as a result of the Coronavirus outbreak. In a recent market commentary, LNG ship owner, AWILCO LNG said that “the story of LNG in 2019 has been one of massive…
LNG Shipping Faces Coronavirus Negative Impact Read More »
The rumored OPEC’s further cut on oil production could arrive “too little too late” for the tanker market, says shipbroker Gibson, as a result of increasing production in other parts of the world, like for instance Norway and Brazil, not to mention the…
Tanker Market Prospects Difficult to Predict Read More »
Tanker rates have taken a turn for the worse, as a result of dwindling demand and fewer cargoes available, as a result of increased tonnage supply, following the lifting of the US sanctions on Cosco’s tankers. In its latest weekly report, shipbroker In…
Tanker Market Feeling the Impact from the Coronavirus Effect Read More »
The ship repair segment has been one of the hardest hit from the widespread effects of the Coronavirus, not only due to the restriction of operations of major yards, but also due to the fact that business was sky-high as well. In its latest weekly repo…
Ship Repair Sector in Coronavirus Shock Read More »
The demolition market for ships has remained sub-par over the course of the past few weeks. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “having benefitted from an enthusiastic and active market over the last couple months, …
Demolition Market Hits a Roadblock as Activity is Subdued Read More »