Demand is pretty vivid in the ship demolition market, despite an apparent lack of enough ship candidates. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “this week has certainly raised concerns in the market following the unre…
Demand for Ship Recycling in Healthy Level, Despite a Lack of Candidates Read More »
After a rare dip in long-term contracted ocean freight rates in December and January, container shipping costs are rising once again, with a 3.9% increase in February. The development, revealed in the latest Xeneta Shipping Index (XSI®) Public Indices,…
Expanding to strengthen support in Asia, International Registries, Inc. and its affiliates (IRI) opened offices in Vancouver, British Columbia and Qingdao, China today. This is the first Canadian office of IRI and the 11th office in Asia. The opening o…
IRI Strengthens Support in Asia with New Offices in Vancouver and Qingdao Read More »
The tanker market should have “enough in its tank” to recover from its multi-decade lows, thanks to low tonnage supply and an expected increase in oil demand moving forward. In a recent note, ship owner Teekay Tanker said that “in the fourth quarter of…
Tanker Owner Expects Market to Recover from Multi-Decade Lows Read More »
Using VesselsValue data, George Delaney, Cargo Analyst, has highlighted the various factors that influenced the Newbuild market of 2021, including movement restrictions during lockdown, geopolitical uncertainty and the ongoing shift towards greener shi…
2021 Newbuilding Orders Rise by 32.7% Read More »