Over the course of the past couple of years, things were pretty straightforward, when it came to the demolition market. More ships were headed for scrap, as ship owners were inclined to sell their older ships, to balance the ailing freight markets. So …
Demolition Market “Confusing” Says Shipbroker Read More »
Ship owners are being very conservative this year, when it comes to committing funds in the newbuilding market, given the various degrees of market uncertainties. This has been the prevailing trend so far in 2019 and nothing suggests that it’s ab…
Newbuilding Market on a Rollercoaster Ride so far in 2019 Read More »
Business-savvy ship owners are having to accept the fact that increase investment is needed in the ships’ S&P market, in order to ride the shorter market cycles in the most effective way. As a result, newbuilding ordering activity is expected…
Investing in the S&P market Ever So Important Read More »
Tanker owners have returned to shipyards for more orders in 2019, with VLCCs and MRs the most popular options. However, whether this trend continues or not for the rest of the year, will depend on a number of factors. In its latest weekly report, shipb…
Ship Owners Splurge on Tanker Newbuildings so far in 2019 Read More »
The tanker market has reeled under the pressure of abundant tonnage supply during the month of January, according to the latest monthly report from OPEC. Following gains registered in the tanker market in the previous quarter, average dirty tanker spot…
Tanker Market Declines by 28% in January Read More »