With ship recyclers hesitant to commit more funds towards acquiring more vessels for demolition and ship owners looking to eek out the last bit of profits from their older bulkers, on the back of the latest dry bulk rally, the ship recycling market was…
Low Steel Prices Add to Ships’ Recycling Market Woes Read More »
The annual review of the LNG shipping markets (“LNG Trade & Transport”) is now available from Clarksons Research. Steve Gordon, Managing Director of Clarksons Research, commented, “Global trade in LNG continues its strong growth phase, with an expe…
With the calmer, summer seas of the Mediterranean, conditions are more favourable for migrants to depart Libya in unseaworthy vessels with the hope of reaching Europe. Commercial vessels transiting the waters around Libya, Tunisia and Malta are likely …
Assisting vessels in distress in the Mediterranean in light of recent developments Read More »
Ship owners are stockpiling dry bulk carriers, after the latest rally in the freight rate market. In its latest weekly report, shipbroker Banchero Costa said that “despite the summer season activity picked up in the dry bulk sector following the trend …
Dry Bulkers in High Demand Amid Market Rally Read More »
Tankers The market trend for Tankers has been positive since the beginning of 2019. The recent purchase of a resale VLCC by SK Shipping for USD 98 mil is a 5 year high price achieved. Older VLCCs has been circulating the market recently and since the b…
Shipping: Half Year Values Round Up Read More »