Ship recycling has kept its lackluster performance for yet another week. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships said that “the ship recycling market remained under pressure this week, with most locat…
Ship Demolition Activity: Subdued Conditions Persist Read More »
Newbuilding activity is expected to face a period of transition following the USTR policy decision. In its latest weekly report, shipbroker Banchero Costa said that “in the dry sector Chinese builder Jiangjiang Nanyang contracted an order for 4×40…
Post USTR Policy: The Newbuilding Ordering Enigma Read More »
Global seaborne steel exports posted a strong rise during 2024, with China having the “lion’s share” of this trade, with over 30% of the overall market. In its latest weekly report, shipbroker Banchero Costa said that “steel products are one of the mos…
Dry Bulk Shipping: Steel Exports on the Rise Read More »
The USTR proposal with introduces charges against Chinese owned, built or operated vessels, is expected to lead to an extensive tanker fleet repositioning, mainly for the dirty tanker trade, as clean tankers aren’t affected, due to their smaller sizes….
Tanker Fleet Repositioning on the Cards After USTR Proposal Read More »
The tanker market softened during the course of the past month, OPEC said in its latest monthly report. Developments in sanctions and tariffs have kept spot freight rates trading close to the five-year average, although below the robust levels seen in …
Tanker Market Softened Last Month Read More »