After a flurry of tanker tonnage being sold for demolition, it seems that the market is trying to rebalance. In its latest weekly note, Clarkson Platou Hellas said that “it would appear that many have taken extended leave from the industry as a very qu…
Demolition Market Enters Period of Uncertainty Read More »
The tanker market could be set for an improved second half of the year, as there is a series of factors currently working in its favor. In its latest weekly report, Allied Shipbroking said that “a sharp rise in the price of crude oil was to be seen on …
ABS has signed a pioneering Joint Development Program (JDP) with probunkers to provide technical support as they embark on designing a fleet of specialist LNG bunker vessels for key ports around the world. “With its low sulfur emissions, LNG is an attr…
ABS & Probunkers Sign JDP for Fleet of LNG Bunkers Read More »
While trade tensions have brought a lull in the shipping markets, at least in terms of sentiment and optimism moving forward, newbuilding ordering appetite seems to be picking up steam again. In its latest weekly report, Allied Shipbroking said that “f…
Newbuilding Orders for Bulkers Pick Up Read More »
Long have tanker owners wished for a week like the one which we’ve just put behind us. In its latest weekly report, tanker market specialist, Charles R. Weber commented that “VLCC rates rallied strongly this week on a strong concentration of dema…
The VLCC Market “Roars” Back in Anger Read More »