Tanker rates remained elevated during the month of April, but mostly lower from their earlier record highs, OPEC, said in its latest monthly report. In April, trade disruptions continued to impact dirty tanker spot freight rates. While price assessment…
Tanker Market: Rates Remained Elevated in April Read More »
The story so far in 2026 has been quite a positive one for the dry bulk market. In its latest weekly report, shipbroker Xclusiv said that “the first four months of 2026 have delivered an unambiguous message from the dry bulk freight market: the sharp c…
Dry Bulk Market Returns to Path of Growth Read More »
Despite challenging overall conditions, the ship recycling markets remained firm, with a clear edge from Bangladeshi recyclers. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships, said that “the Indian local mar…
Ship Recycling Markets Remain Firm With Bangladesh Leading Read More »
Ship owners are increasing their activity in the market for newbuildings and second hand vessels. In its latest weekly report, shipbroker Banchero Costa said that in the newbuilding market, “in the bulk sector, China’s Jiangmen Nanyang Shipbuilding sec…
Newbuilding Activity Growing, While More Deals Evident in the Second Hand Market Read More »
The tanker market’s volatility could increase in the long-term, after UAE’s decision to exit OPEC. In its latest weekly report, shipbroker Intermodal said that “in a move that challenges the coherence of one of the most well known cartels in the global…
Tanker Market Volatility Could Ramp Up After UAE’s OPEC Exit Read More »