Tanker owners have returned to shipyards for more orders in 2019, with VLCCs and MRs the most popular options. However, whether this trend continues or not for the rest of the year, will depend on a number of factors. In its latest weekly report, shipb…
Ship Owners Splurge on Tanker Newbuildings so far in 2019 Read More »
The tanker market has reeled under the pressure of abundant tonnage supply during the month of January, according to the latest monthly report from OPEC. Following gains registered in the tanker market in the previous quarter, average dirty tanker spot…
Tanker Market Declines by 28% in January Read More »
Ship owners have opted against committing more financial resources towards newbuilding orders, amid the uncertainty surrounding world trade growth prospects and the pressures exerted on the Chinese economy. This has been the overall trend since the sta…
Ship Owners Turn to Second Hand Acquisitions Read More »
VLCCs and MR product tankers have been the “weapon of choice” among ship owners looking to make plays in the tanker market. Despite the geopolitical and financial uncertainties which are having an adverse effect on the shipping markets, a lot of ship o…
Tanker Market: Fleet Growth Robust Despite Uncertainties Read More »
The ships’ demolition market is underperforming so far this year, with less tonnage headed for scrapping. However, the latest fall of the dry bulk market rates has resulted in increased interest from dry bulk owners, which could eventually lead to incr…
Flow of Tonnage to Scrapyards Still Under Par Read More »