The ship recycling market was softer over the course of the past week. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships said that “the Indian market recorded a modest correction this week; however, this should…
Ship Recycling Activity Softer Last Week Read More »
Over the past four years, tanker markets have been reshaped by geopolitical shocks, with freight volatility increasingly driven by inefficiencies rather than pure cycles. The Russian invasion of Ukraine triggered a major reconfiguration of crude and pr…
Long Voyages in a Fragmented World: The Evolution of Tankers Read More »
“During April to May, Western Africa’s clean petroleum product (CPP) imports fell 44% year on year, from 1,144 thousand barrels per day (kbpd) to 642 kbpd,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO. The drop in import volumes cut ton…
Western Africa’s import of clean petroleum products drops 44% year on year Read More »
More newbuilding orders were reported last week, while deals in the second hand market were fewer. In its latest weekly report, shipbroker Banchero Costa commented that “strong number of contracts reported again this week in the newbuilding market, whe…
Newbuilding Orders Dominating Headlines Read More »
Shipping has talked itself into a convenient, yet erroneous, belief: that headline efficiency percentages on paper tell an owner what a clean technology will deliver in the real world. In reality, a single figure quoted out of context, or a fuel saving…
How shipping should be buying clean technology Read More »