Despite short-term lackluster performance, the existing fundamentals seem to indicate a brighter long-term future ahead for the product tanker market. According to the market outlook released this week by shipowner Capital Product Partners, “product ta…
Low orderbook bodes well for Product Tanker Long-Term Prospects Read More »
The Capesize segment’s benckmark status in the dry bulk market has been magnified over the course of the past couple of weeks. In its latest weekly report, shipbroker Allied Shipbroking said that April was “a rather bizarre month for the Dry Bulk…
Volatility Hits The Dry Bulk Market As Capesizes Are Still the Benchmark Read More »
Savvy shipowners could take advantage of a booming sentiment across scrapyards in Southeast Asia, after the news that Pakistan has reopened for tanker business. As shipbrokers report, this has already created an artificial premium for certain small uni…
Shipping: Demolition Market on a High Read More »
Ship owners appear to be making a run to contract more newbuildings, in the expectation that prices will increase in the future, not to mention the added uncertainty over the new environmental rules. In its latest weekly report, shipbroker Allied Shipb…
Newbuilding Activity Still Quite High Say Shipbrokers Read More »
A series of reasons is behind the increased tanker demolition activity so far this year and it’s not just the market demise, or an aging fleet. In a recent note, Mcquilling Services LLC said that “the tanker demolition market has picked up the pace in …