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 »
Ship owners have been more active on acquisitions of second hand vessels, rather than invest in a newbuilding. In its latest weekly report, shipbroker Banchero Costa talked about an “interesting market activity during the week in the dry sector: not ve…
Shipowners Active in the S&P Market, Not So Keen on Newbuildings Read More »
The effects of the Coronavirus outbreak are bound to be felt in the tanker market for many more months to come, possibly until after the first half of the year as well. In a recent weekly report, shipbroker Banchero Costa said that “the COVID-19 corona…
Tankers: Coronavirus Effects to Be Felt At Least Until Mid-2020 Read More »