Ship owners have been keeping even obsolete ships from scrapping so far this year, as the cashflows they produce are significant. In its latest weekly report, shipbroker Xclusiv said that “ship demolition activity over the past five years reveals a cyc…
Ship Owners Keep Older Vessels For More Read More »
With crude oil flows patterns still very much fluid, tanker market participants are closely monitoring oil demand and supply fundamentals. In a recent weekly report, shipbroker Xclusiv said that “Russian seaborne crude exports in August reached 3.40 mi…
Tanker Market: Is an Oil Supply Glut on the Cards? Read More »
The ship recycling market is still experiencing muted sentiment. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships said that in India, “the market remained relatively strong during most of the week, though it s…
Ship Recycling Subdued Last Week with Prices Retreating Read More »
Newbuilding ordering activity rose last week, with more owners contracting vessels. In its latest weekly report, shipbroker Banchero Costa said that “in the container sector, Greek company Danaos Shipping placed an order of 2 x 7,500 teu carriers to Ch…
Newbuilding Orders On the Rise Read More »
Geopolitics are increasingly shaping the current tanker market landscape. In a recent weekly report, shipbroker Intermodal said that “Nigeria’s oil industry is enjoying a rare moment of momentum. After years of underperformance and insecurity in the Ni…
Tankers: Nigerian Cargoes Heading East is a Recalibration of Global Flows Read More »