Ship financing has continued to retreat, now at its lowest level since the global financial crisis of 2008, said Petrofin Bank Research, in its latest annual survey. Some of its highlights are the following: – The Petrofin Index for Global Ship F…
Ship Financing Down to Its Lowest Level Since 2008 as Banks Continue to Exit the Sector Read More »
While interest in the second hand ship market is still quite vivid, there’s a clear difference in preference, when compared to newbuildings. Ship owners seem to favor bulkers for their S&P purchases, while when it comes to newbuilding orderin…
Ship Owners Looking for Dry Bulkers, Ordering Tankers Read More »
Ship owners are investing heavily in the LNG shipping market, expecting a boom in the years to come, thanks to a rise in demand and the influx of a series of LNG projects in the global energy landscape. In a recent note, shipbroker Banchero Costa said …
LNG Shipping Primed for A New Round of Growth Read More »
With just a few years gone past since the opening of the US crude exports market, it has already managed to become one of the most important drivers of crude tanker demand. In its latest weekly report, shipbroker Gibson said that “without a doubt, the …
US Crude Exports Lead Tanker Demand to New Heights Read More »
According to the latest monthly report from OPEC, average dirty tanker spot freight rates rose 25% m-o-m in September, with gains across all classes. The seasonal upward trend was amplified by unplanned disruptions, allowing rates to recover from the r…