The tanker market was mixed during September, as smaller classes like the Suezmax and Aframax benefitted from the hurricane seasons, while VLCCs were flat, as oversupply issues still hampered the segment’s recovery, said OPEC in ints latest month…
Hurricane Season Boosted Tanker Markets in September Read More »
The demolition market for older ships is picking up pace as of late. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “since last week’s high profile Container sale, many owners decided to pull the trigger on some of their vinta…
Demolition Market Picking Up, Freight Rates Could Follow Suit Read More »
With the dry bulk market sentiment rising, ship owners have placed more and more newbuilding orders, threatening to throw the current favorable market fundamentsl off course. However, a combination of enough demolition candidates and robust demand grow…
Newbuilding and used bulkers are the main trend in the shipping market these days. In its latest weekly report, shipbroker Allied Shipbroking said that “the Newbuilding market has started to build up a positive momentum week by week, with a robust flow…
Shipowners Stock Up on Dry Bulk Carriers Read More »
There’s always a reason behind any sudden surge in tanker market rates and this time around is no different, especially if ones takes note of the days which led to last week’s spike. In a recent weekly report, Allied Shipbroking said that o…
Tanker Market: The Oil Price – To – Freight Demand Correlation Read More »