Once again, the loss of Iranian oil for the international market is an eventuality, which is bound to alter fundamentals in the tanker market. In its latest weekly report, shipbroker Gibson commented that “as we move closer to the November 5th re-impos…
Tanker Market: The Iranian Factor May Soon Come Into Play Read More »
With traditional banks cutting back on ship financing and owners increasingly looking to alternative ways of financing their fleet renewal and investment programmes, loan portfolios have been tumbling down. In its latest annual survey, Petrofin Bank Re…
Global Shipping Loan Portfolios’ Drop to $345 billion says Petrofin Bank Research Read More »
In its latest monthly report, OPEC painted a pretty picture on the course of the tanker shipping market. It said that Average dirty spot freight rates in the tanker market increased in August from the previous month by 7%. The average increase was driv…
Tanker Market: Freight Rates on the Up During August Read More »
While it’s a bit difficult to expect this trend persisting, it’s becoming clear that the trade war between the US and China hasn’t dented the dry bulk market’s upwards momentum, thanks, in part to a boom in soybeans trade involv…
Dry Bulk Market is – So Far – Unaffected by the US-China Trade Battles Read More »
Ship owners have gone back to the scrapyards over the past couple of weeks, selling more overaged tonnage, in a bid to compensate for the newbuildings entering the global fleet in an already overburdened market. In its latest weekly report, Clarkson Pl…
Demolition Activity Returns to Growth Mode Read More »