Ship owners seem to be more inclined to invest in secondhand tonnage, rather than committing to long-term investments, i.e. newbuilding orders, as regulatory and market uncertainty is clouding the industry’s prospects. This seems to be a trend wh…
Ship owners Still Favor S&P Market Over Newbuilding Orders Read More »
Things are heating up in the crude tanker market with VLCCs reaping the benefits so far. In its latest weekly report, shipbroker Charles R. Weber said that “last week’s influx of USG inquiry buoyed rates across the globe on the VLCC sector, as eastboun…
VLCC Owners Holding Out For Further Rate Increases Read More »
While a scenario under which, oil prices are elevated, is bearish for tanker prospects in the long run, it’s expected that, at least in the short-term, demand will be supported, thanks to elevated crude runs from new refineries coming online. In its la…
Tanker Demand Will Be Supported in The Near Term Claims Shipbroker Read More »
The Capesize dry bulk market is staring towards a challenging 2019 year, with demand for iron ore from China’s steel industry having taken a hit over the course of the past few weeks. However, the prospect of a potential trade agreement between US and …
Dry Bulk Market: Hopes of Trade Agreement Could Restore Market Confidence Read More »
The dry bulk market’s recent recovery has been a sign of hope for many ship owners, who had been looking for some sign of improvement, in order to rule out the scenario of a more serious crisis looming, not only for shipping, but for the world trade in…