Ship owners are finding it harder to secure attractive offers from recyclers of older vessels over the course of the past week, shipbrokers reported. According to the latest weekly report from Clarkson Platou Hellas, the renegotiation games have began …
Demolition Market Under Pressure Read More »
The tide has turned in the newbuilding market this week, as the focus seems to be the dry bulk segment, as opposed to tankers, which “stole the day” last week. In its latest weekly report, shipbroker Allied Shipbroking said that “we are still seeing a …
Newbuilding Focus Turns to Bulkers Read More »
Despite the fall in activity in the S&P market for dry bulk carriers compared to 2017, prices have continued to edge higher. In a recent monthly analysis, with the occasion of the completion of the first quarter of 2018, shipbroker Golden Destiny h…
Dry Bulk Prices Up by 18% in March Read More »
The freight market for VLCCs has continued to remain unimpressive. According to the latest weekly report from shipbroker Gibson, there was “no improvement for previously sliding VLCCs….a slow week as Charterer’s proceeded to gently close out the …
Early Month Activity the Hope for a VLCC Rebound Read More »
The expectation among shipbrokers is that demolition activity for older carriers will resume as soon as the market returns to its normal activity. In its latest weekly report, Clarkson Platou Hellas said that “with the Easter holidays in full flow acro…
Slowdown in demolition activity expected to be temporary Read More »