Despite the fact that ship owners have been more inclined to acquire a second-hand vessel, rather than invest in a newbuilding these days, prices for the latter have started to inch higher. Contracting activity has picked up (that’s reason No1), …
Newbuilding Prices On the Rise as Higher-Spec Vessels Are Ordered Read More »
A few years back, when oil prices were tumbling down, there was a sense of optimism among ship owners active in the tanker market, as there was the expectation that lower prices would yield more demand. This time around, an opposite scenario, coupled w…
Crude Tanker Market Waiting for News on the Oil Price Front Read More »
In a lackluster market, trading a vessel in the right route is vital. In its latest weekly report, shipbroker Gibson said that “where to position tonnage has always been a key question for tanker owners. Having exposure to the right market can make the…
Trading Tankers: Where and Why? Read More »
Capesize Despite the major Posidonia event in Greece, rates for the big ships took off this week, with the stars seeming to be working in conjunction, with both the Pacific and Atlantic markets active. However, the dampener came as the week closed out …
Dry Bulk Market: Capesize Index Takes Off Read More »
When it comes complying with the IMO’s 2020 0.5% low sulphur regulation scrubbers have not received much good press, but a mix of anlaysts,researchers and classification society officials at Posidonia all saw them as a good solution attracting serious …
Scrubbers shown a little bit of love for large sized vessels Read More »