Demand for tankers could retreat as a result of an increase in oil stock supply. In its latest weekly report, shipbroker Gibson said that “more and more analysts expect the oil market to move into significant surplus next year. The IEA sees oversupply …
Tanker Demand Could Retreat Moving Forward Read More »
China’s product steel exports has been rising with over 25% growth so far in 2025. In a recent weekly report, shipbroker Banchero Costa said that “steel products are one of the most important dry bulk commodities, accounting for almost 4 percent of all…
Dry Bulk Shipping: China Steel Exports Rally So Far in 2025 Read More »
The VLCC tanker market has shown significant strength over the past couple of weeks. In its latest weekly report, shipbroker Xclusiv said that “the VLCC market has shifted gears in September. On our Baltic series, the benchmark rose from about USD 45,1…
VLCC Market Firing on All Cylinders Read More »
The ship recycling markets remained a mixed bag during the previous week. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships, said that “in India, the market remained negative throughout the week, with no signs …
Ship Recycling Market Remains A Mixed Bag Read More »
Demand for second hand dry bulk carriers was quite high last week. In its latest weekly report, shipbroker Xclusiv said that “the dry S&P activity was strong this week, with the Ultramax/Supramax sector taking the lion’s share, as almost half of th…
Dry Bulkers in High Demand Read More »