Dirty tanker spot freight rates moved higher across the board in October, OPEC said in its latest monthly report. VLCC spot freight rates showed further gains, building on the previous month’s surge. Gains were driven by higher demand on long-haul rout…
Tanker Spot Market on the Rise During October Read More »
Chinese owners have dominated ordering activity at Chinese shipyards, accounting for over 65% of them, with foreign-based owners scaling back their contracting, because of the looming uncertainties. In its latest weekly report, shipbroker Xclusiv said …
Chinese Owners Dominate Orders at China’s Shipyards Read More »
The ship recycling market has been varying in performance, depending on the individual market. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships, said that “the Indian market showed some recovery last week, wit…
Ship Recycling Market Showing Mixed Performance Read More »
Ship owners poured funds into more tanker newbuildings over the past week. In its latest weekly report, shipbroker Banchero Costa said that “in the bulk sector, Belgian owner EBE Maritime placed an order of 1 x 210,000 DWT Newcastlemax to China’s Qingd…
Tanker Newbuildings in Demand Read More »
The LNG shipping segment seems to be on rising tide, after the latest geopolitical developments and the US emerging as a major exporter of natural gas. In its latest weekly report, shipbroker Intermodal said that “October proved to be a robust month fo…
LNG Shipping on the Rise Read More »