The tanker market is fragmented with each class showing varying performance, as a direct result of changing trade flows. In a recent weekly report, shipbroker Xclusiv said that “the oil market is once again caught between contrasting narratives, with t…
Tanker Market Fragmented With Performance Varying Read More »
“Between January and August, product tanker newbuilding contracting dropped 86% y/y to 2.6 million deadweight tonnes (DWT) representing a nine-year low,” says Filipe Gouveia, Shipping Analysis Manager at BIMCO. The development marks a stark reversal fr…
Product tanker newbuilding contracting drops 86% to nine-year low Read More »
By 2030, the alternative-fuelled fleet will be able to burn up to 50 million tonnes of oil equivalent (Mtoe) of low-greenhouse gas (GHG) fuels annually, double the estimated volume needed to meet the International Maritime Organization’s (IMO) 2030 emi…
DNV: Fleet readiness surges ahead of fuel supply – green transition at a tipping point Read More »
The ship recycling market has remained largely unchanged and lackluster over the past week. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships said that “in India the local market has remained weak this week, co…
Ship Recycling Still Looking for Solid Ground Read More »
The Greek fleet rose by 2.9% yoy in DWT terms bringing the total to 488.6m DWT in 2024 (Graph 1). In absolute numbers, the fleet went up by 214 vessels of all typs and sizes compared to 85 units in 2023 and 286 in 2022. The number of Greek companies we…
Greek Shipping Fleet on the Rise Read More »