The global dry bulk fleet is facing a sharp contraction in younger, more efficient tonnage, with the supply of vessels under 15 years of age projected to fall by 22% by 2028, according to new analysis shared by Oliver Kirkham, Senior Valuation Analyst …
Global dry bulk fleet set to drop 22% in young tonnage by 2028 Read More »
Ship owners were quite active in the dry bulk newbuilding market last week. In its latest weekly report, shipbroker Banchero Costa said that “the Greek company DryDel ordered an Ultramax 64,000 dwt at Imabari. No price was disclosed, delivery is set fo…
More Newbuilding Contracts for Dry Bulk Carriers Read More »
Escalating tensions between Iran and Israel are analysed for their potential effects on global energy markets, particularly concerning the Strait of Hormuz. While historical data indicates a full closure by Iran is improbable, disruptions via attacks, …
The closure of the Strait of Hormuz is highly unlikely due to its crucial role in connecting Gulf Cooperation Council (GCC) countries with global markets. These countries are major exporters of construction materials, oil and petrochemicals and importe…
Impact Of Hypothetical Closure Of The Strait Of Hormuz On Multipurpose Shipping Read More »
The tanker fleet is ageing and this is undeniable, despite the increased pace of newbuilding contracting over the past year. Taking into account the expected increase of demolition activity in the future, more orders needs to take place, if a tonnage s…
An Ageing Tanker Fleet Could Limit Future Supply Read More »