Ship owners and more specifically tanker owners have been tasked with yet another twist, in their efforts to trade their vessels, after the latest developments in the Strait of Hormuz. In its latest weekly report, shipbroker Allied Shipbroking said tha…
Hormuz Strait Tensions, a Nightmare Scenario for Shipping Read More »
It’s no secret that 2019 hasn’t proven to be the landmark year that many had hoped, with regards to the ship recycling activity. With freight rates reeling under the trade wars’ pressure and an increase in tonnage supply, it was regar…
Ship Recycling On A Steadily Declining Path, Spells Bad News For Ship Owners Read More »
Shipyards around the world are scrambling for new orders’ intake, as more and more ship owners are refraining from committing large sums of money on newbuilding projects as a result of limited funding and the fluidity of the freight rate market a…
Limited Activity Reigns Over the Newbuilding Market Read More »
With geopolitical factors coming into play in the tanker market once more, ship owners are anxiously looking for ways to trade their assets. Rates could be headed higher on the Middle East market, but much of this rise isn’t finding its way back …
Tankers: Middle East and US at the Forefront of Rates Moving Forward Read More »
The turmoil in the shipping and fuel markets from the IMO rule is bound to settle down, sooner, rather than later. This will allow for the fundamentals to take over again and determine the future course of the freight rate market. In its latest weekly …
IMO 2020: Fundamentals to Rule Product Tanker Market Soon Read More »