The acquisition of the Songa Bulk fleet by Star Bulk provides their new owners with a fleet renewal opportunity in the strong Panamax bulk carrier market. Spot market earnings for ships of this size have been moving steadily upwards since the start of …
Panamax Synergies Realised Through Asset Plays – Star Bulk Wows the Market Read More »
With the geopolitical side of the oil markets taking over, the tanker freight market is looking for more signs of a sustained recovery. In its latest weekly report, shipbroker Affinity Research said that “this week has been off to a good start, as we a…
Tanker Market Looking For More Upside Momentum This Week Read More »
Capesize Dramatic drops over the week for the big ships, with the hope of further improvements as the week began being dashed mid-week. Ongoing unrest in Guinea and disruption to bauxite exports saw some vessels re-let on the market, prompting uncertai…
Dry Bulk: Capesize Market Faces Fall Read More »
The United States (US) unilateral withdrawal from the Iran Nuclear Deal is unlikely to have any significant impact on the global crude oil trade and tonnage demand in the tanker market,as long as the deal is honored by the other signatories, and Saudi …
US sanctions on Iran to have limited effect on crude trade and tanker demand Read More »
Up to 230 second hand bulkers have been traded so dar in the year, in what appears to be rather dynamic demand from ship owners. In its latest weekly report, shipbroker Intermodal noted that “half-way through the second quarter of the year and as the P…
Dry Bulkers In High Demand Read More »