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…
It’s been a busy few days in the S&P market, as more ship owners made moves in the market. Things have been perking up on the newbuilding ordering front as well, but to a lesser degree. In its latest weekly report, shipbroker Banchero Costa said th…
Flurry of Second Hand Ships’ Deals Reported by Shipbrokers Read More »
The tide has shifted when it comes to demolition activity so far in 2019. While 2018 was marked by the record breaking scrapping of tankers, this year the trend is opposite, as bulkers have emerged as more likely candidates for demolition. In a recent …
Tanker owners could be faced with increased downward pressure exerted on the freight rate market in the coming months. In its latest weekly report, shipbroker Gibson said that “refinery maintenance season is well underway. Scheduled turnarounds in Nort…
Newbuilding Tonnage Supply and Lower Oil Volumes To Keep Rates Under Pressure Read More »