Demand for newbuildings remains robust which in turn had added pressure to the global shipbuilding capacity. In its latest weekly report, shipbroker Intermodal said that “following the recent reactivation of Jiangsu Rongsheng Heavy Industries to fulfil…
Chinese Shipbuilding Sector Scaling Up, But Challenges Remain Read More »
The tanker market shouldn’t be particularly impacted by OPEC’s latest decision moving forward. In its latest weekly report, shipbroker Gibson said that “OPEC+ made the seemingly inevitable decision to roll over production cuts for another 3 months, ack…
Tanker Market and OPEC’s Latest Decision Read More »
EU iron ore imports have risen so far in 2024. In its latest weekly report, shipbroker Banchero Costa said that “2023 was a very positive year for global iron ore trade. In Jan-Dec 2023, global loadings of iron ore increased by +5.1% y-o-y to 1,631.9 m…
EU Iron Ore Imports on the Rise in 2024 Read More »
The tanker market is getting more complicated on a daily basis, with many interconnected factors in play. In its latest weekly report, shipbroker Xclusiv said that “recent developments in global energy markets highlight significant shifts in production…
Seaborne Energy Trade Getting More Complex By the Day Read More »
The ship recycling market has kept on being lackluster throughout the course of the past week. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships, said that “the week in ship recycling saw a consistent lack of m…
Ship Recycling Market: Lack of Movement the Norm Read More »