The ship recycling market in Southeast Asia are also subject to the Gulf Region war escalation. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships, said that “the Indian market came off during the week, with pri…
Ship Recycling Market Taking a Hit From Geopolitical Uncertainty Read More »
“The attacks on Iran by the US and Israel have caused disruptions for ships transiting the Strait of Hormuz. Although this passage is less critical for the dry bulk sector than for the tanker market, the disruptions still impact around 4% of dry …
Strait of Hormuz disruptions currently impacting 4% of dry bulk market Read More »
With the ongoing armed conflict in the Middle East, Iran confirms effectively blocking the Strait of Hormuz, through which 20% of the global LNG supply transits. Drewry expects about 2 million tonnes of LNG supply from Qatar and the UAE to be choked on…
Iran closes the Strait of Hormuz—20% of global LNG supply at risk Read More »
More dry bulk newbuilding orders have been placed this week, with Greek owners not shy of contracting more ships. In its latest weekly report, shipbroker Banchero Costa said that “in the bulk sector, Japan’s Imabari shipyard secured an order for 2 x 18…
Dry Bulk Carriers and Containers Domination Newbuilding Orders Read More »
Greek shipping has long stood as a model of resilience and continuity. Through economic cycles, global crises, and regulatory upheaval, Greek shipowners and managers have demonstrated not only commercial strength but also an enduring sense of responsib…
What Greek Vessels Can Teach Shipping About Responsible Ship Supply Read More »