The shipping industry as a whole is in dire straits, as a result of the negative impact from the Coronavirus. It’s not only freight rates which are crashing, but also other aspects of the industry, like for instance shipbuilding and shiprepair ac…
Shipping in Peril From the Coronavirus Aftermath Read More »
The current freight rate crisis across most markets could offer a solid opportunity for ship owners to sell some of their older ships and alleviate tonnage oversupply issues. However, over the course of the past week, prices offered by scrapyards have …
Demolition Market Under Pressure as Rates Fall Read More »
With the freight rate market in dire straits, ship owners have turned their attentions on finding investment opportunities in the S&P market. In its latest weekly report, shipbroker Allied Shipbroking said that “the current distressed conditions no…
Newbuilding Market on “Freeze Mode”, But S&P Transactions Higher Read More »
The effects of the coronavirus are soon to be felt hard in the tanker market as well, with disruptions expected to reap havoc in the wet segment’s supply chain, not to mention the scheduled drydocks and retrofittings. In its latest weekly report, shipb…
Shipping Disruptions Expected on Tanker Market Read More »
While shipping markets are already in a huge slump over the past couple of weeks, the offshore market is also under immense pressure, exacerbated by the looming fall in oil prices. In its latest weekly report, shipbroker Intermodal said that “the oil a…
Offshore Market Also in the Doldrums Read More »