The tanker market has been facing a flurry of sanctions of late, with Russian and Iran oil trades in the forefront. In its latest weekly report, shipbroker Gibson said that “just before the end of his presidency, the Biden administration gave a parting…
Tankers: Sailing the Sea of Sanctions Read More »
The tanker market rose during the month of February, OPEC said in its latest monthly report. Dirty spot freight rates showed gains across almost all monitored routes in February. VLCC rates in particular rose as a fresh round of sanctions resulted in e…
Tanker Market on the Rise During February Read More »
Greek shipping is particularly exposed to Chinese-built vessels and could be impacted if the US moves ahead with its proposal to impose tariffs on all Chinese-built ships entering its ports. In its latest weekly report, shipbroker Xclusiv said that “la…
Greek Shipping’s Exposure to Chinese Shipbuilding Read More »
The ship recycling market has remained lackluster over the past week, continuing the same trend. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships said that “the market remained quiet, characterized by selectiv…
Ship Recycling Market Lacking Interest Read More »
After a flurry of newbuilding orders during 2024, this year it seems like ship owners have been treading more cautiously in the market. In its latest weekly report, shipbroker Banchero Costa said that “it was a slow week with a diverse range of orders….
Newbuilding Activity Slowing Down Read More »