A lack of available tonnage has proven to be a hindrance when it comes to increasing ship recycling activity. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “after the recently impressive price indications witnessed, it is sur…
Lack of Tonnage Hinders Scrapping Activity Read More »
2020 was the year that was “unprecedented”; however, 2021 seem to be following suit with unprecedented market activity. January & February which are historically quite times in the shipping S&P market due to the winter holidays and specifically…
2021 Thus far & What’s Being Foreseen by Sinotech Marine Read More »
VLSFO supply has tightened in Fujairah and Busan since last week, while lead times for low sulphur bunkers are unchanged on the week in Singapore, Zhoushan and Tokyo. Several suppliers in Fujairah have been unable to offer stems since Thursday last wee…
ENGINE: East of Suez Bunker Fuel Availability Outlook Read More »
The ship repair sector faced significant disruptions during most of 2020, as a result of the pandemic. However, things are starting to normalize as both owners and yards have adapted to the new challenges. In its latest weekly report, shipbroker Interm…
Ship Repair Sector Returns to Normalcy Read More »
Vessel operating costs are expected to continue rising on a hardening marine insurance market, as conclusion of the P&I renewal season exposes the fallout from rising claims and the impact of Covid-19 on global merchant shipping. The marine insuran…
Shipowner Opex Remains Hostage To Rising Marine Insurance Costs Read More »