Sales of secondhand bulkers and tankers have been on a downtrend since the start of 2025, compared to last year. In its latest weekly report, shipbrtoker Xclusiv said that “since the start of the year till now, S&P activity for bulk carriers and ta…
2025 Ship Sales Experience Slowdown Read More »
“We forecast a balanced development in the crude tanker market in 2025 and 2026 while we expect the product tanker market to remain weaker than in 2024. The product tanker suffers under the weight of increasing supply growth and weaker demand growth du…
BIMCO Tanker Market Report: OPEC+ ramps up oil supply while demand growth slows Read More »
Exports volumes of major bulk, made up of iron ore, coal, or grains, remained flat m/m in July but edged 2% higher than the same period last year. Iron ore and grain exports drove this, as coal exports fell in July, continuing the weak performance of t…
Monthly Major Bulk Radar: Slower Chinese growth forecast in 2025 Q3 and Q4 Read More »
The ship recycling market has picked up the pace, especially in some markets, like India, but still remains overall lacklustre. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships said that “ship recycling market…
Ship Recycling Activity Picking Up Pace Read More »
The energy transition is advancing, but not at the same pace everywhere. In 2015, just 0.7% of new cars sold were electric; by 2024, that figure had surged to 22%. Over the same period, solar’s share of global electricity generation increased sixfold. …
How the maritime industry is preparing for alternative fuel adoption Read More »