The demolition market has come alive over the past few weeks, as firmer rates have triggered an increased supply of vintage tonnage. In its latest weekly report, shipbroker Clarkson Platou Hellas commented that “it would appear the recent firmer rates …
Ship Recycling Picks Up Pace Read More »
Last month we outlined all the fundamental reasons why Brent crude prices were justified in the $80 region and why prices were expected to fall to the $70s in the second half of this year (and that bunker prices would follow the trend). We ended the no…
VLSFO Prices Are At An All-time High – Politics Have Trumped Oil Fundamentals Read More »
Ocean carriers have generated about $190 billion of annual profits and about $130 billion of fresh cash in 2021, obtained mainly by charging higher prices. But will this exceptional transfer of cash be put to good use? The latest quarterly results anno…
Will the ocean carriers’ cash machine help or hurt shippers? Read More »
Ship owners have remained coy when it comes to placing a large number of newbuilding orders during the past week, as has been the case of late. In its latest weekly report, shipbroker Allied said that “the ship newbuilding market continued on an uninsp…
Ship Owners Reluctant to Commit to More Newbuildings Read More »
2021 was a record year for LNG carrier new orders with 86 60,000+ CuM ships placed. This comfortably beats the previous record in 2014 when 64 ships were ordered (even if 10 ships announced by Qatar, but not confirmed by South Korean yards aren’t count…
Higher cost, higher pressure, but lower Methane slip sees MAN’s ME-GI bounce back Read More »