Shipping was supposed to have a fairly average year prior to the pandemic of COVID-19. Nowadays, it’s “every man for himself”, a fight for survival for the majority of owners. So, the faster a recovery in global demand and trade can be achieved, the be…
Global Stimulus and Global Trade: Where to Next for Shipping? Read More »
The ship recycling market seems to be geared to come back to life after a prolonged period of hiatus. In its latest weekly report, shipbroker Clarkson Platou Hellas, commented that “with various reports this week suggesting the lockdown across the Indi…
Light at the End of the Tunnel for Ship Recycling Read More »
Ship owners have reentered the newbuilding market, but only for the segments which have shown the most potential. In its latest weekly report, shipbroker Allied Shipbroking said that “the vast difference in sentiment being noted between the dry bulk an…
Newbuilding Market of “Two Worlds” Read More »
A boost in dry bulk demand, mainly from China, would go a long way into alleviating fears of a new crash in the dry bulk market. In fact, signs over the first few months of the year had been encouraging. In a recent report, shipbroker Banchero Costa sa…
China’s Iron Ore Imports Could Offer Some Respite in the Dry Bulk Market Read More »
New tonnage in the tanker market could become scarce in the next few years, in what appears to be a silver lining amid the pandemic. In its latest weekly report, shipbroker Gibson said that “setting aside the exceptional volatility in tanker rates, Cov…
Tanker Newbuildings Hard to Come By Read More »