The rise of oil prices in the past few weeks will translate into higher bunker costs, but not change the current balance in the market and thus freight rates. In its latest weekly report, shipbroker Gibson said that “last night saw ICE Brent close at $…
Tankers: Bunker Costs To Rise on Higher Oil Prices Read More »
The market for specialized trades has taken a turn for the worst of the past period, as a result of negative fundamentals. In its latest report, shipbroker Intermodal noted that “the return of traders and charterers from the Easter festivities came alo…
Traditionally, spring marks a rebound in dry bulk fixtures’ activity, on the back of increased grain trade and high ton-mile demand. However, according to shipbrokers, things might not be that smooth this time around. In its latest weekly report,…
Dry Bulk Market: Grain Season Might Not Bear the Gifts It Usually Does for Ship Owners Read More »
Ship owners are finding it harder to secure attractive offers from recyclers of older vessels over the course of the past week, shipbrokers reported. According to the latest weekly report from Clarkson Platou Hellas, the renegotiation games have began …
Demolition Market Under Pressure Read More »
The tide has turned in the newbuilding market this week, as the focus seems to be the dry bulk segment, as opposed to tankers, which “stole the day” last week. In its latest weekly report, shipbroker Allied Shipbroking said that “we are still seeing a …
Newbuilding Focus Turns to Bulkers Read More »