The ship recycling market is struggling to find its footing. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “No demand = No demand! For most of the week the market has remained in a subdued state with Buyers still reluctant to…
Ships Recycling Market Struggles to Find its Footing Read More »
Ship owners have resumed their newbuilding investments over the course of the past few days, after a few weeks of hiatus in terms of activity. In its lateste weekly report, shipbroker Banchero Costa, said that in the newbuilding market, it was a “quite…
Newbuilding Orders Pick Up After Summer Hiatus Read More »
The tanker market is set for another blow emanating from the latest developments from the Venezuelan oil crisis. In its latest weekly report, shipbroker Gibson said that “in January 2019 the Trump administration announced tough sanctions against PDVSA,…
Tanker Demand to Suffer Venezuelan Blow Read More »
DryShips Inc. (the “Company”) (NASDAQ: DRYS) announced that it had entered into an Agreement and Plan of Merger (the “Merger Agreement”) with SPII Holdings Inc. (“SPII”), a company controlled by the Company’s Chairman and Chief Executive Officer, Georg…
The market for ship tankers could soon welcome a new member in Guyana. In its latest weekly report, shipbroker Gibson said that “there may be few new frontiers left in the oil market, with most regions having been tested, even if deemed to be uneconomi…
Tanker Owners Could Have a New Market Soon Read More »