The market for LNG shipping is expected to keep its positive trend. In its market outlook for the second quarter of the year, shipowner Awilco said that “increased demand for power generation in the Far East, due to warmer weather earlier than normal, …
Awilco Says LNG Shipping Market’s Prospects Look Promising Read More »
As we enter the final part of 2018, a resurgence in demolition activity, which has retreated over the course of the summer months, would be very welcome, in order to further alleviate overtonnage issues in various parts of the shipping market, most not…
Demolition Activity Crucial For Shipping Market Relief Moving Forward Read More »
As the summer lull nears its end, market participants expect the newbuilding ordering activity to pick up. In its latest weekly report, shipbroker Allied Shipbroking commented that “observed activity over the past two weeks was rather limited in the ne…
Newbuilding Activity Limited But Expected to Revive Soon Read More »
Despite the occasional bleep, the VLCC market remains in deep trouble for the weeks to come, with oversupply evident in key routes and regions. In its latest weekly report, shipbroker Charles R. Weber talked about “observed strengthening rates through …
VLCC Oversupply Still Plaguing Market Read More »
As if tanker owners didn’t have enough on their plate already, the US-China trade war is actively damaging one of the most lucrative tanker trades. As shipbroker Gibson commented in its latest weekly report, “for nearly two decades spectacular growth i…
Tanker Market Could Face Added Pressure From US-China Trade Spat Read More »