The Panamax index remains corrective with the 8 – 21 period EMA’s showing a bearish cross but remaining above the 55 period MA. Technically the Index is starting to look oversold with the short period RSI on the weekly now at 7. However, a lower low on…
Dry Bulk FFA: Panamax Index In Correction Mode Read More »
The flurry of VLCC tonnage heading towards the world’s scrapyards appeared to be slowing down over the course of the past week, as a result of Easter Holidays in Europe. In its latest weekly report, Clarkson Platou Hellas commented that “with the…
VLCC Demolition Frenzy Slowing Down on Easter Holidays Read More »
It is a pleasure for me to welcome you to the third session of the Intersessional Working Group on reduction of greenhouse gas emissions from ships. I know that you have a heavy workload this week and I am sure that you all wish to start working togeth…
Multipurpose shipping has started 2018 on a confident footing and is forecast to recover further on rising demand, contracting vessel supply and lessening threats from competing sectors, according to the latest edition of the Multipurpose Forecaster an…
Multipurpose shipping eyes recovery Read More »
It seems that ship owners will keep pumping more cash on newbuilding orders this year, at a heightened pace over 2017. In its latest weekly report, shipbroker Allied Shipbroking said that “with the Easter Holidays taking out many players out of action …
Newbuilding Orders To Pick Up Pace During Remainder of 2018 Read More »