The IMO2020 rule for the use of low-sulphur fuels from the beginning of 2020 is expected to offer a boost in the product tanker market, triggering demand for more cargoes. However, a lot is still dependant on if “the price is right”. In its latest week…
Compliant Bunker Fuels Long-Haul Charters A Major Risk Read More »
Things aren’t all that rosy when it comes to the tanker market these days. Besides the issues surrounding the long-term viability of older vessels, as a result of the new set of environmental restrictions, owners will have to think twice about wh…
Tankers’ Perilous Straits of Hormuz: Caught Between a Rock and a Hard Place Read More »
2019 won’t go down in the record books when it comes to ship recycling, despite the fact that, according to some market delegates, it should. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “it has been an unusual week wh…
Ships’ Recycling Market In Limbo Read More »
Despite the latest surge in the dry bulk market, ship owners seem to prefer the short-term gains, opting for second hand tonnage, rather than investing in more newbuildings. In its latest weekly report, shipbroker Allied Shipbroking said that “new orde…
Dry Bulk Carriers’ Newbuilding Orders Slowing Down Read More »
The dry bulk market has been on a rollercoaster ride over the past few months, in a further testament that the Post-Lehman era for shipping and the global economy will be dominated by very big market fluctuations. Amid such a freight rate market, thing…
Dry Bulk Market: From a Four-Year Low to a Five and a Half Year High Read More »