The demolition market for ships has remained sub-par over the course of the past few weeks. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “having benefitted from an enthusiastic and active market over the last couple months, …
Demolition Market Hits a Roadblock as Activity is Subdued Read More »
The start of the new year has, as is often the case for dry bulk shipping, been marked by falling freight rates. The seasonal slump, typical in January after a strong Q4, has been exacerbated by the additional cost of fuel resulting from the IMO 2020 s…
London IP week 2020 is in full swing. Coronavirus and its effects on global GDP, trade, demand and the oil price are unsurprisingly a major talking point. So what does real-time seaborne trade flow data show? The data covers the laden movements of clea…
Coronavirus effects on the Clean Tanker Market Read More »
Ship owners have been more active on acquisitions of second hand vessels, rather than invest in a newbuilding. In its latest weekly report, shipbroker Banchero Costa talked about an “interesting market activity during the week in the dry sector: not ve…
Shipowners Active in the S&P Market, Not So Keen on Newbuildings Read More »
Demand drivers and freight rates Strong winter demand is fading away and has been reflected in falling freight rates. However, because charters are often fixed months in advance, ships with contracts from Q4 2019 are still earning high rates. Moving in…