Investment appetite held firm in the shipping market, over the course of the past week, both in the newbuilding and the secondhand markets. In its latest weekly report, shipbroker Allied Shipbroking said that it was “a week were activity in the newbuil…
Shipowners Accelerate Investment on Newbuildings and Second Hand Carriers Read More »
Aegean Marine Petroleum Network Inc. announced that the Company and certain of its subsidiaries (the “debtors”) filed voluntary petitions for relief under Chapter 11 of the US Bankruptcy Code in the Bankruptcy Court for the Southern District of New Yor…
The VLCC tanker market has had a good run of late, but could be headed for a correction in the coming days. In its latest weekly report, Affinity Research said that “the rally of the VLCCs continued throughout this week as well, where TD3C and TD15 rea…
VLCC Tanker Market Could be Headed for a Slowdown Read More »
The Iranian oil market factor is back in play in the crude tanker segment. In its latest weekly report, shipbroker Gibson said that “sanctions are back. From Monday any company trading Iranian crude faces being cut out of the US financial system. The T…
Another Period of Sanctions in Iran: Will The Tanker Market Benefit? Read More »
Over the course of the past couple of months, there have been news of mass installations of scrubbers on board entire company fleets, ranging from tankers, to dry bulk carriers and container ships. And there’s a pretty good reason for this, as an…
IMO 2020: Scrubber Installations Are Booming and There’s A Very Good Reason for That Read More »