In an encouraging sign for the future tonagge supply, newbuilding ordering activity has quieted down over the course of the past couple of weeks. In its latest weekly report, shipbroker Allied Shipbroking said that it was “a moderate week in terms of n…
Newbuilding Orders Quiet Down Read More »
The ships’ demolition market picked up this past week. However, according to various market reports, both from shipbrokers and cash buyers, the primary focus hasn’t been for tankers or bulkers, but for secondary market units. As a result, further press…
Demolition Activity Non-Existent for Bulkers or Tankers Read More »
A resurgence is quietly underway in the crude tanker market, as a number of plays are helping alleviate oversupply issues. In its latest weekly report, shipbroker Banchero Costa noted that “in October, Chinese crude oil imports reached a new reco…
The product tanker market in Europe in being affected by weather conditions over the past few months. In its latest weekly report, shipbroker Gibson said that “low water levels on the Rhine have remained a persistent problem for the European commodity …
Product Tankers and the Rhine Low-Water Level Issue Read More »
Once again, the disappearance of Iranian oil from many markets, not to mention Iranian VLCCs, is shifting fortunes in the tanker market, with ship owners looking forward to “early Christmas presents”, as one analyst recently put it. In its latest weekl…
Tanker Owners Looking Forward To Increased Ton-Mile Voyages on Iranian Sanctions Read More »