A slump in oil demand on the back of Covid-19-enforced global lockdowns has sent the crude and tanker trades into a tailspin. With the world effectively awash with surplus oil and crude prices at historically low levels, commodity traders have been cli…
Oil storage not a quick fix Read More »
Shipowners are looking for ways to exploit the current market uncertainty. As such, shipbrokers are reporting a number of deals both in the newbuilding and the S&P market. In its latest weekly report, shipbroker Allied Shipbroking said that “it was…
Newbuildings and S&P Deals Make for an Interesting Reading Read More »
The shipping industry experienced major disruptions in Q1 of 2020 due to both the Coronavirus and the crude oil price crash. As major parts of the global economy shut down, so have pockets of international trade – yet, not all vessel types have experie…
The impact of coronavirus on vessel traffic and the shipping industry Read More »
UNCTAD issues an action plan to tear down barriers to trade and transport and ensure the free flow of goods, food and essential supplies. As countries adopt radical measures to bring the coronavirus pandemic under control, international trade and trans…
With shipping having to cope with extraordinary circumstances and challenges, due to the COVID-19, demolition of older ships have taken a back seat of late. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “to avoid confusion – …
Demolition Market Still Under Lockdown Read More »