Dirty tanker spot freight rates largely recovered from the previous month’s declines. Suezmax rates saw the strongest gains, up 34% on average, m-o-m, and 38%, y-o-y, OPEC said in its latest monthly report. Spot freight rates on the West Africa-toUS Gu…
Tanker Market Stages August Recovery Read More »
The tanker market is fragmented with each class showing varying performance, as a direct result of changing trade flows. In a recent weekly report, shipbroker Xclusiv said that “the oil market is once again caught between contrasting narratives, with t…
Tanker Market Fragmented With Performance Varying Read More »
The ship recycling market has remained largely unchanged and lackluster over the past week. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships said that “in India the local market has remained weak this week, co…
Ship Recycling Still Looking for Solid Ground Read More »
The Greek fleet rose by 2.9% yoy in DWT terms bringing the total to 488.6m DWT in 2024 (Graph 1). In absolute numbers, the fleet went up by 214 vessels of all typs and sizes compared to 85 units in 2023 and 286 in 2022. The number of Greek companies we…
Greek Shipping Fleet on the Rise Read More »
Ship owners’ “appetite” for dry bulk newbuildings and second hand ships increased last week. In its latest weekly report, shipbroker Banchero Costa said that “in the container sector, Dalian Shipbuilding Industry in China secured an order for 2 x 7,165…
Dry Bulk S&P Market Heats Up Read More »