In today’s volatile maritime world, where global trade, vessel safety, and crew wellbeing are under constant pressure, the smartest investment is not in more steel, but in smarter thinking. At Marasco Marine Ltd, risk prevention is not just a pra…
The tanker market is already feeling the impact from the latest round of Middle East warfare, with rates rising sharply across the board. In its latest weekly report, shipbroker Xclusiv said that “Israel’s lightning-fast airstrike on 13 June yanked the…
Tanker Market and the Israel-Iran conflict Read More »
The ship recycling market was further hampered by the developments of the past week and the escalation of warfare between Iran and Israel. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships said that “the ship r…
Middle East Tensions Further Hurt Ship Recycling Activity Read More »
Ship owners were quite active in the dry bulk newbuilding market last week. In its latest weekly report, shipbroker Banchero Costa said that “the Greek company DryDel ordered an Ultramax 64,000 dwt at Imabari. No price was disclosed, delivery is set fo…
More Newbuilding Contracts for Dry Bulk Carriers Read More »
The tanker fleet is ageing and this is undeniable, despite the increased pace of newbuilding contracting over the past year. Taking into account the expected increase of demolition activity in the future, more orders needs to take place, if a tonnage s…
An Ageing Tanker Fleet Could Limit Future Supply Read More »