2020 has already started with a “bang” when it comes to the tanker market after the latest developments in the Middle East. In its latest weekly report, shipbroker Gibson said that “2020 is already turning out to be a highly volatile year. Most tanker …
Tanker Market: The Latest Variables to Affect Freight Rates Read More »
Compliance with the new IMO 2020 rule is causing various headaches among ship owners. In a recent report, Intermodal said that “as we all know very well by now, the reduction in the maximum allowable sulphur content of marine fuels in 2020 is likely to…
Dealing With IMO 2020 Compliance Read More »
The dry bulk market has been on the downside for 20 straight sessions now, indicating that a weak sentiment has settled for good. To make matters worse, in three weeks time comes the Chinese New Year, traditionally a low point for the market in terms o…
Dry Bulk Market: Things Will Get Worse Before They Improve Read More »
While 2020 isn’t expected to be a strong year in terms of newbuilding activity, these first few days suggest otherwise. In its latest weekly report, shipbroker Allied Shipbroking noted that “buying interest seems to have still held during the las…
Newbuilding Activity Starts the Year on Strong Note Read More »
2019 could be characterized as an underwhelming year in terms of demolition activity, at least in terms of the comparison between the initial expectations and the end result. However, 2020 could be the year of… redemption. In its first report of …
Shipbreaking Expected to Roar Ahead in 2020, as More Ships Could Head for Demolition Read More »