2019 was expected to bring about a new batch of ships eligible for recycling, in a further boost to the shipping markets. However, this hasn’t been the case during the first quarter of the year. In its latest weekly report, shipbroker Clarkson Pl…
No Rebound in Sight for Ship Demolition Volumes Read More »
Ship owners around the world have adopted a risk-aversion policy, which translates to refraining from adding more newbuildings on the global orderbook. In its latest weekly report, shipbroker Banchero Costa said that “there was not much fresh business …
Risk Aversion Grips the Shipping Industry Read More »
Despite the improving market conditions over the course of the second quarter of 2019, the negative impact of the first few months of the year are still felt throughout the industry. Nevertheless, ship owners’ restrain when it comes to adding mor…
Capesize Market Recovery Still a “No-Show” Read More »
2019 has proven to be just as hard as 2018 for tanker owners, but for a whole new set of reasons. While last year was characterized by shipping’s own shortcomings, as a result of an imbalance between supply and demand, 2019 is proving to be the year of…
Tankers Bear the Brunt of Geopolitical Uncertainties Read More »
With more than 230 sales of bulkers so far in 2019, Greek and Chinese ship owners are dominating proceedings, although with different strategies. Greek owners are looking for modern dry bulk tonnage, which Chinese are more inclined to acquire ships bui…
Dry Bulk Modern Tonnage the “Weapon of Choice” Among Greek Ship Owners Read More »