Tanker market dynamics are being muddled by a seeming shift in China’s crude oil import patterns. In its latest weekly report, shipbroker Gibson said that “lacklustre oil demand from China has been a leading story in tanker markets this year. In its an…
Tankers: China’s Crude Imports Muddle Market Dynamics Read More »
The tanker market showed signs of strength during the month of October, OPEC said in its latest monthly report. Dirty spot freight rates rose across the board due to a strong start to the month before weakening in the second half of October amid ample …
Tankers: A Strong October Read More »
Chinese shipyards have attracted significantly more business during 2024. In its latest weekly report, shipbroker Xclusiv said that Chinese yards have “experienced a 17% y-o-y surge in new orders across the four main sectors (BC, Tanker, Gas, and Conta…
Chinese Shipyards Gain Even More Market Share Read More »
Ship recycling activity could post an increase during the final weeks of 2024, with more buying activity on the horizon. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships said that “this week, recycling markets…
Ship Recycling Could Gain Momentum as 2024 Approaches its Closure Read More »
Tankers and LNG ships have been the main subject of newbuilding activity over the past week. In its latest weekly report, shipbroker Banchero Costa said that “in the tanker market, Greek based owner Dynacom placed an order for 4x Suezmaxes abt 158k dwt…
Newbuilding Activity: Tankers and LNG ships at the Forefront Read More »