News broke this past week that Pakistan has reportedly reopened the market for tanker imports, bound for recycling. In its latest weekly report, Clarkson Platou Hellas commented that “it has finally happened… following reports received, it is our under…
Pick Up Seen in Ships’ Demolition Market, on Pakistan News Read More »
The optimism surrounding the prospects of the dry bulk market in the long-term was enough to trigger additional newbuilding orders over the course of the past week. In its latest weekly report, Allied Shipbroking said that “it is true that newbuilding …
Dry Bulk Ordering Activity Rides Wave of Optimism Read More »
Tanker owners were granted some respite over the course of the past week, as demand in the VLCC market edged higher. In its latest weekly report, shipbroker Affinity Research commented that “VLCCs experienced a positive start to the week, with 32 cargo…
Tankers: VLCC Market On the Mend? Read More »
The rise of oil prices in the past few weeks will translate into higher bunker costs, but not change the current balance in the market and thus freight rates. In its latest weekly report, shipbroker Gibson said that “last night saw ICE Brent close at $…
Tankers: Bunker Costs To Rise on Higher Oil Prices Read More »
The market for specialized trades has taken a turn for the worst of the past period, as a result of negative fundamentals. In its latest report, shipbroker Intermodal noted that “the return of traders and charterers from the Easter festivities came alo…