The ship recycling market has kept on being lackluster throughout the course of the past week. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships, said that “the week in ship recycling saw a consistent lack of m…
Ship Recycling Market: Lack of Movement the Norm Read More »
There was a number of second hand deals in the S&P market last week, particularly in the dry bulk market. In its latest weekly report, shipbroker Xclusiv said that it was “another active week on the dry S&P market, with significant activity obs…
Dry Bulkers in High Demand Read More »
China’s recent decision to grant additional crude oil import quota to refiners is bound to have an impact on the tanker market. In its latest weekly report, shipbroker Intermodal said that “China’s decision to grant an additional crude oil import quota…
Tankers: The China Factor in Full Effect Read More »
A potential tariff threat could be looming for over 4.5 mbd of crude oil entering the US from Mexico and Canada. In its latest weekly report, shipbroker Gibson said that “President-elect Donald Trump has announced that he will implement a 25% tariff on…
Tankers: Is Mexican and Canadian Crude Oil in Peril from Trump’s Tariffs? Read More »
Crude oil imports have been growing this year, albeit at a smaller rate than 2023, with China, the world’s leading importer, slowing down its demand. In its latest weekly report, shipbroker Banchero Costa said that “2023 has been another positive perio…
Tankers: China’s Crude Oil Imports Slightly Lower This Year Read More »