The world economy has successfully avoided the initial, catastrophic blow from the recent surge in trade protectionism, yet the long-term outlook remains “insufficiently bright”, according to the latest World Economic Outlook report from the Inte…
Global trade’s tightrope walk Read More »
Ship recycling is exhibiting signs of divergence across the major markets. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships, said that “the Indian market remains very weak, with prices declining daily and no s…
Ship Recycling Market’s Divergent Performance Read More »
Baltic Exchange has launched a series of new Aframax tanker benchmarks, TD28 and TD29, in response to shifting global trade dynamics, escalating geopolitical tensions, and a dramatic surge in Canadian crude exports to Asia. The new assessments are also…
Data highlights Market average spot rates – 15 October 2025: Far East to US West Coast: USD 1653 per FEU (40ft container) Far East to US East Coast: USD 2588 per FEU Far East to North Europe: USD 1896 per FEU Far East to Mediterranean: USD 2309 per FEU…
The second hand ship market has seen many new deals over the past week. In its latest weekly report, shipbroker Banchero Costa said that “in the bulk sector, the Panamax NAVIOS HELIOS 77,000 dwt 2005 Namura built was reported sold to Hong Kong interest…
Second Hand Ships Market Heating Up Read More »