Ships’ recycling activity should pick up in the coming months, in order for the freight market to recover in the long-term. However, this hasn’t been the case so far in 2019, with many owners opting to hold on to their older vessels, with d…
Demolition Activity Should Pick Up For Rates to Recover in the Long-Term Read More »
Ship owners are still craving for dry bulk carriers, as evidenced by the latest weekly reports. Shiproker Banchero Costa said this week that “in the dry market 2 x Kamsarmax under construction at COSCO Zhoushan were sold en bloc at $29mln each basis pr…
Dry Bulkers Still In Demand Read More »
Despite the trade wars and the contraction of the Chinese economy’s growth rate, dry bulk owners could rejoice in the knowledge that the dry bulk market remains largely unaffected. In a recent monthly report, shipbroker Banchero Costa noted that …
Dry Bulk Market: Chinese Iron Imports a Bright Sign Read More »
The product tanker market is primed for a strong finish to the end of the year, as predicted. In its latest weekly report, shipbroker Gibson said that “with most crude tanker markets surging to multi-year highs, many have questioned whether the clean s…
Product Tankers In Line for Major Profits Read More »
Ship owners active in the edible oil trade could get a respite in the coming months. In its latest weekly report, shipbroker Intermodal said that “edible oil products across the board are showing healthy amount of export activity, however, rates in mos…
Ship Owners Could See Boost in Freight Rates of Edible-Oil Product Trade Read More »