The demolition market in SouthEast Asia is about to transform over the next few years, after India’s approval of the Hong Kong Convention for the “green” recycling of ships. In its latest weekly report, GMS, the world’s leading cash buyer s…
Demolition Market: India’s Approval of the Hong Kong Convention is a Game-Changer Read More »
Tanker newbuilding orders have remained on the low-end of things during 2019, similar to the past few years, but are already higher than 2018, in a sign of increased investment “appetite”, most notably in the product tanker segment. In its latest weekl…
Tanker Newbuildings Low in 2019, but Still More than 2018 Read More »
With LNG ship owners actively warning against further newbuilding orders, it’s starting to become obvious that without the significant growth in LNG production, with new facilities entering the market throughout 2019, freight rates could very wel…
Growth in LNG Trade Boosts Market, but For How Long? Read More »
The upcoming IMO 2020 rule on the use of lower sulphur fuel oil could send more older tonnage for scrapping, as evidenced by last week’s surge in enquiries after months of lackluster performance. Still, market reports are contradicting each other…
Older Tonnage Could Be Headed for Scrapping, Ahead of the IMO 2020 Rule Read More »
The dry bulk market is perilously close to ending the year in the same dire manner with which it began it. In its latest weekly report, Allied Shipbroking commented that “on Friday, the average of the year so far for the BDI closed at 1,346bp, almost p…
Dry Bulk Market: Capesize Segment Could Face More Downward Pressure Read More »