While thus far, much of the negative impact on the dry bulk market from the “trade wars” has come from the US-China spat, it seems that another front is causing headaches for dry bulk ship owners. Last week, China cancelled Canadian agribusiness Richar…
Dry Bulk Market: Further Complications from “Trade Wars” Read More »
Tanker owners have experienced the lows of the market, but 2019 is a different story, as a number of factors are contributing to improved market sentiment. Most recently, a series of shifts could shift ton-mile demand in favor of ship owners. In its la…
Tankers: A Positive Trend is Taking Shape, Boostin Ton-Mile Demand Read More »
The Aframax tanker market seems to have taken the biggest hit during February, when it comes to average spot rates, as per the data from the latest monthly report from OPEC, issued this week. According to the report, following the same trend seen in th…
Tanker Spot Market Declined by 18% in February: Aframaxes Took the Biggest Hit Read More »
The prospects for a swift and sustainable recovery in the dry bulk market, seem to be diminishing, at least for the time being. In its latest weekly report, shipbroker Allied Shipbroking said that “in the midst of troubled conditions for the dry bulk m…
Dry Bulk Market: Future Prospects Don’t Seem to Point Upwards Read More »
Ship recycling in Southeast Asia is moving forward with plans to better comply to safety regulations, in a period during which scrutiny for ship owners is getting bigger and bigger. In its latest weekly report, shipbroker Clarkson Platou Hellas said th…