Increased levels of newbuilding contracting activity seem to be the norm during 2024 and last week was no exception. In its latest weekly report, shipbroker Banchero Costa said that “the newbuild tanker sector remains busy. Cosco Shipping Energy Transp…
More Newbuilding Activity the Norm Read More »
The container shipping market appears to be set for a fruitful period ahead. In its latest weekly report, shipbroker Intermodal said that “building on the strong performance observed over the summer, the containership markets remain in solid shape as w…
Container Shipping Riding High Ahead of Holiday Season Read More »
Tanker market dynamics are being muddled by a seeming shift in China’s crude oil import patterns. In its latest weekly report, shipbroker Gibson said that “lacklustre oil demand from China has been a leading story in tanker markets this year. In its an…
Tankers: China’s Crude Imports Muddle Market Dynamics Read More »
The tanker market showed signs of strength during the month of October, OPEC said in its latest monthly report. Dirty spot freight rates rose across the board due to a strong start to the month before weakening in the second half of October amid ample …
Tankers: A Strong October Read More »
Chinese shipyards have attracted significantly more business during 2024. In its latest weekly report, shipbroker Xclusiv said that Chinese yards have “experienced a 17% y-o-y surge in new orders across the four main sectors (BC, Tanker, Gas, and Conta…
Chinese Shipyards Gain Even More Market Share Read More »