The Capesize market has long been in negative territory, leaving ship owners with older ships in their “arsenal” with little no options. As such, over the course of the past few weeks, there’s been a wave of sales for demolition. In its latest we…
Capesizes Sold for Scrap Increase In Numbers Read More »
Ship owners have refrained from newbuilding ordering activity this past week, but they’ve been rather active in the S&P market. In its latest weekly report, shipbroker Banchero Costa said that it was “fairly active in the second hand market. In the…
Newbuilding Activity Tumbles Down, But S&P Market Rather Active Read More »
The shipping markets have been reeling under the pressure of low demand, the product of the impact that the Coronavirus has had in the global supply chain. However, as shipbroker Intermodal and various analyst point out, when the outbreak is contained,…
Shipping Market Will Rebound: It’s Just a Matter of When not If Read More »
In the weeks leading up to 2020, a lot of analysts were predicting a solid rebound in product tanker market freight rates, a scenario which, for the most part, was materialized. So, how has the market reacted in the weeks after the start of 2020? In it…
IMO 2020: What’s The Implication in the Tanker Market So Far? Read More »
The tanker market has had quite a ride during the first month of 2020. According to the latest monthly report from OPEC, issued this week, dirty tanker spot freight rates in January continued the roller coast movement seen since September, this time gi…
Tanker Market on Rollercoaster Mode Read More »