Ships’ recycling activity has been the negative “star” of today’s shipping market, with tonnage sold for scrap failing to reach Southeast Asias’ shores. As a result, concerns are bound to be raised on the future balance of supply-dema…
Demolition Market Comes Back to “Life”, Albeit in “Slow Motion” Read More »
Normal service has been resumed, as ship owners have returned to the S&P market, lowering their “appetite” for newbuildings. In its latest weekly report, shipbroker Banchero Costa said that “two modern NewCastelmax, the Bulk Seoul and Bulk Shanghai…
Ship Owners Return to the S&P Market Read More »
With the dry bulk market looking for a new balance, it’s intriguing to take a look at the current state of Australia’s iron ore exports, one of the most important sources for China. In a recent weekly report, shipbroker Banchero Costa said that “Austra…
Dry Bulk Market: The Case for Australian Iron Ore Exports Read More »
Venezuela and Iran sanctions. Chinese ships leaving the market due to sanctions. Saudi oil production suffering losses due to drone attacks. It seems that the tanker market is having to adjust to multiple different parameters influencing freight rates,…
Tankers: Oil & Politics Once Again Impact the Market Read More »
The tanker market has been on quite some ride during the past few weeks, which offers reason for some additional insight. In its latest weekly report, shipbroker Allied Shipbroking said that “the tanker market has been experiencing an impressive freigh…
Tanker Market: After the Rally, What? Read More »