Despite the latest surge in the dry bulk market, ship owners seem to prefer the short-term gains, opting for second hand tonnage, rather than investing in more newbuildings. In its latest weekly report, shipbroker Allied Shipbroking said that “new orde…
Dry Bulk Carriers’ Newbuilding Orders Slowing Down Read More »
Ships’ valuations expert VesselsValue recently published its half year report on the S&P market. Bulker A total of 204 bulkers have been sold since the beginning of 2019, interestingly however only 6 of these have been Capesize bulkers. Durin…
Vast Majority of Bulkers Sold Aren’t Capesizes Read More »
The Commercial Court dismissed a shipowners’ claim for hire exceeding USD 4.5 million for the period that the vessel ‘Eleni P’ was seized and detained by Somali pirates in the Arabian sea. In this decision the court applied fundamenta…
Hire Suspended for Vessel Seized by Pirates Read More »
The dry bulk market has been on a rollercoaster ride over the past few months, in a further testament that the Post-Lehman era for shipping and the global economy will be dominated by very big market fluctuations. Amid such a freight rate market, thing…
Dry Bulk Market: From a Four-Year Low to a Five and a Half Year High Read More »
Beginning on 1 January 2020, all vessels worldwide will only be able to refuel using fuel with a maximum sulphur content of 0.5 percent – this is the requirement of the global fuel guideline known as IMO2020. As of 1 March, no vessel will be permitted …
IMO2020: What shipping companies have to do now to be compliant by 1 January Read More »