This week’s big news, from a shipping market’s standpoint, was the spike of the VLCC tanker market. Shipbroker Gibson noted in its latest weekly report that “the highlight of this week’s trading has been an impressive spike in spot VLCC rates, with dai…
As VLCC Rates Spiked, Product Tankers Are Still Reeling Under Pressure Read More »
The tanker market could be heading for a mild recovery, at least if ones takes a closer look at the supply part of the equation. In a recent analysis, tanker specialist Charles R. Weber said that “VLCC earnings remained in positive year‐on‐year territo…
Tanker Oversupply Issues Could Be Alleviated in the Coming Months Says Shipbroker Read More »
With just over a year until the new marine fuel regulations are put in place, ship owners are heavily investing in scrubbers, while others are still facing dilemmas, regarding their future plans to comply with these regulations. In its latest weekly re…
Bunker Fuels and IMO 2020: Dilemmas Everywhere Read More »
With the resurgence of ships’ demolition sales critical for the rebalancing of the supply-demand equilibrium in the shipping markets, it’s probably good news, that prices offered by scrapyards are starting to rise once again, a trend which …
Demolition Rates Picking Up, Sales Expected to Follow Suit Read More »
Shipowners have been actively pushing ahead with more newbuilding orders, as reported by various shipbrokers’ reports over the course of the past week. In its latest note, Allied Shipbroking said that “reported activity seems to be gaining pace r…
Shipowners are Ramping Up Newbuilding Orders with Containers Leading the Way Read More »