Despite the relative difficulty in obtaining adequate ship financing, activity in the S&P market for second hand vessels is still rather brisk. However, besides the “usual suspects”, in the form of Hellas and China, smaller maritime nations are als…
Ships are in Demand: What types of vessels is each maritime nation buying? Read More »
Over the course of the past couple of weeks, ship owners have been rather active in the newbuilding market for dry bulk carriers. However, this trend waned off during the previous week, with few contracts being finalized. Nevertheless, shipbrokers expe…
As the tanker sector is still trying to recover part of the lost ground of the past couple of years in terms of earnings, shipbroker Charles R. Weber, in a recent research analysis, noted that supply fundamentals are bound to improve in the near future…
Suezmax Tanker Owners Can Find Hope for 2019, Unlike their VLCC Counterparts Read More »
With the IMO 2020 rule a year and a couple of months away, scrubber systems are beginning to make waves among shipowners, with reports from DNV GL that over the past six months, more than 1,000 of them have been sold. In its latest weekly report, shipb…
Close to 2,000 Scrubbers Already Sold or Retrofitted Onboard Existing Global Fleet Read More »
The tanker market appears to be bottoming out according to shipbrokers. As a result, shipowners are seeking more and more wet tonnage in bargain prices, looking to invest while prices are still subdued. In its latest weekly report, Intermodal said that…
Tankers In Demand as Shipowners Are Making Moves Expecting the Market to Rebound Read More »