VLCCs and MR product tankers have been the “weapon of choice” among ship owners looking to make plays in the tanker market. Despite the geopolitical and financial uncertainties which are having an adverse effect on the shipping markets, a lot of ship o…
Tanker Market: Fleet Growth Robust Despite Uncertainties Read More »
The ships’ demolition market is underperforming so far this year, with less tonnage headed for scrapping. However, the latest fall of the dry bulk market rates has resulted in increased interest from dry bulk owners, which could eventually lead to incr…
Flow of Tonnage to Scrapyards Still Under Par Read More »
China’s steel industry is perhaps the most important fundamental element of the demand-supply balance in the dry bulk market. As such, any shifts in production, capacity or exports, are of major interest to dry bulk ship owners. In a recent analy…
China’s Steel Exports Could Rebound in 2019, Shifting Dry Bulk Trade Flows Read More »
Another week, another geopolitical shift is having an impact on the tanker market. This time it’s Venezuela’s political crisis and a bankrupt state that are causing havoc in tanker trades. In its latest weekly report, shipbroker Gibson said that “on th…
Tanker Market and Venezuela Crude Read More »
The dry bulk market has been reeling under the pressure exerted on freight rates by the lull in the Chinese market. In its latest weekly report, shipbroker Intermodal noted that “as the market is already going through the first days of the Chinese New …
China’s New Year Brings Dry Bulk Market Rates At 2 Year Lows Read More »