The ship recycling market has continued its lackluster mode over the past week. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships said that “this week in ship recycling, the markets across all major destination…
Ship Recycling Market Still in Decline Read More »
Newbuilding ordering activity is starting to pick up again after the recent holiday season break. In its latest weekly report, shipbroker Banchero Costa said that “in the container segment, German company Elbdeich Reederei placed an order of 2 x 1,900 …
Newbuilding Orders Are Piling Up Again Read More »
More ships are expected to enter service during 2025, after a series of newbuilding orders should now materialize into more vessels entering the global fleet. In its latest weekly report, shipbroker Intermodal said that “the year 2025 commenced with un…
Shipping: Tonnage Supply Could Increase in 2025 Read More »
The tanker market has entered a new reality after last week’s new round of sanctions against Russian entities. In its latest weekly report, shipbroker Gibson said that “on Friday 10th January, the United States sanctioned Gazprom Neft and Surgutneftega…
Tankers Facing a New Reality Read More »
Australian coal exports to China soared during 2024, helping sustain solid freight demand. In a recent report, shipbroker Banchero Costa said that “in Jan-Dec 2024, global seaborne coal loadings increased by +2.4% yo-y to 1,371.8 mln t (excluding cabot…
Dry Bulk Shipping: Australia’s Coal Exports to China Soared by 51.4% in 2024 Read More »