Ships’ recycling market has returned to higher ground, with demand for tonnage in healthy levels. In its latest weekly report, shipbroker Allied Shipbroking said that “the ship recycling market seems to be holding its positive tone as of late, given th…
Demolition Market Heating Up Read More »
On Monday 2 November – it will be 500 days since the last VLCC left active service when it went on its final journey from Jeddah to Bangladesh for dismantling. Strong crude oil tanker market earnings from August 2019 through July 2020 have evaporated a…
500 days since last VLCC demolition sale Read More »
In March and April 2020, reduced demand for crude oil and petroleum products in response to COVID-19 mitigation efforts led to a sharp increase in global crude oil inventories. As onshore inventories increased, market participants turned to using oil t…
Crude oil tanker rates are likely to remain low until global petroleum demand increases Read More »
Newbuilding activity remained on a healthy track during the course of the past week, as more owners moved ahead with contracting. In its latest weekly report, shipbroker Allied Shipbroking said that “the newbuilding market remained on a relatively “goo…
More Newbuilding Deals Reported, As Ship Owners Proceed With Investment Strategies Read More »
Following years of disruption to US soya bean exports due to the US-China trade war, the first seven weeks of the 2020/2021 marketing year, which runs from 1 September to 31 August, have seen the strongest exports ever. By 15 October, 11.4 million tonn…
US Soya Bean Season Kicks Off With Strongest Exports In History Read More »