The EU has remained the world’s leading seaborne importer of LNG, cementing its leading position in 2024 as well, accounting for 22% of the global volume. In its latest weekly report, shipbroker Banchero Costa said that “global seaborne LNG trade has c…
LNG Shipping: EU’s Seaborne Import Dominance Continues into 2024 Read More »
China is leading the necessary expansion in shipbuilding capacity, in order to cover the influx of new demand. In its latest weekly report, shipbroker Xclusiv said that “the Chinese shipbuilding industry is experiencing a significant expansion, driven …
Chinese Shipbuilding Industry in Rapid Expansion Read More »
The ship recycling markets have remained in limbo over the past week. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships said that “the ship recycling markets across the major destinations continued to face a ch…
Ship Recycling Market Still in Limbo Read More »
Greek shipping took a breather in 2022 but resumed its growth even though at a modest pace. In 2023 there was a growth in the Greek fleet by 85 vessels and 2% in DWT terms. Although China continued to demonstrate robust yoy growth, the Greek shipping f…
Greek Shipping Fleet: The Years Ahead Read More »
A clear trend has emerged in the S&P market so far in 2024. Greek owners have been aggressively selling their older ships, capitalizing on increased buying demand and adding cash in order to invest in their fleet’s modernization and future complian…
Greek Ship Owners Dispose of their Older Ships Read More »