Crude oil imports have been growing this year, albeit at a smaller rate than 2023, with China, the world’s leading importer, slowing down its demand. In its latest weekly report, shipbroker Banchero Costa said that “2023 has been another positive perio…
Tankers: China’s Crude Oil Imports Slightly Lower This Year Read More »
In its latest weekly report, shipbroker Xclusiv said that “as we approach the end of 2024, we observe that dry bulk prices have increased significantly this year, reaching their year-to-date highs during Q3 2024. More specifically, within early Q3 2024…
Dry Bulk Shipping: Second Hand Prices Reach Year-to-date Highs Read More »
Watson Farley & Williams (“WFW”) advised CMB Financial Leasing Co., Ltd. (“CMBFL”) on the US$1.1bn sale and leaseback of five 200,000m3 LNG carriers with Pure Energy Limited (“Pure Energy”), which includes pre-delivery and post-delivery financing a…
Prokopiou-backed Pure Energy Signs $1.1 Billion Sale and Leaseback Deal Read More »
The ship recycling market remained in a downtrend over the past week. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships said that “this week, the ship recycling markets across South Asia and Türkiye remained su…
Ship Recycling Markets Still Downbeat Read More »
Newbuilding ordering activity has remained strong over the past week, while deals have sped up on the S&P front as well. In its latest weekly report, shipbroker Banchero Costa said that “the number of contracts reported slowed, although activity wa…
Newbuilding Spree Continues Read More »