Placing a newbuilding order is a complex enough procedure on its own merit, given the fact that a ship owner has to accurately predict the market a few years down the line. But in today’s busines environment, these decisions have additional layer…
The questions to weigh before ordering a newbuilding tanker Read More »
The Aframax tanker class is becoming the latest “success story” in an otherwise turbulent year for the wet market. In a recent analysis, shipbroker and tanker market specialist Charles R. Weber noted that “the recent rallying of the dirty tanker market…
Aframaxes Are Now the “Darlings” of the Tanker Market Read More »
Is it the trade war, or a shift in market fundamentals (supply-demand)? Whatever the case, the recent freefall of the dry bulk market came as a surprise or maybe not?. In its latest weekly report, shipbroker Allied noted that it was “a month of sharp c…
Lackluster Dry Bulk Market to Persist to the End of 2018 Read More »
In an encouraging sign for the future tonagge supply, newbuilding ordering activity has quieted down over the course of the past couple of weeks. In its latest weekly report, shipbroker Allied Shipbroking said that it was “a moderate week in terms of n…
Newbuilding Orders Quiet Down Read More »
The ships’ demolition market picked up this past week. However, according to various market reports, both from shipbrokers and cash buyers, the primary focus hasn’t been for tankers or bulkers, but for secondary market units. As a result, further press…
Demolition Activity Non-Existent for Bulkers or Tankers Read More »