Activity has continued to be more than healthy, in both the newbuilding and S&P markets over the course of the past week. In its latest weekly report, shipbroker Allied Shipbroking said that “things continue to look encouraging on the newbuilding m…
The beauty of shipping investments is their cyclical nature embedded in the industry and although there are always explanations and reasons for each leg of the cycle, usually ex post, the plain reality is that shipping rates go up and down because this…
Dry Bulk Correction Underway. Where is the Bottom? Read More »
The surge in US container imports continued in April when West Coast loaded imports amounted to 1.10m TEU. Imports had never exceeded this level until August 2020, and developments in the past nine months mean that April imports are only the sixth high…
US West Coast imports exceed 1m TEU in nine out of ten past months Read More »
Lead times are shorter for low sulphur bunker stems in Singapore this week, and Fujairah has better availability for all three fuel grades. Singapore’s fuel oil inventories dipped 3% last week, despite exports plunging to 8-month lows, according to Ent…
ENGINE: East of Suez Bunker Fuel Availability Outlook Read More »
The allure of even higher offers isn’t one to be ignored by many ship owners these days, when it comes to deciding whether to scrap their older ships or not. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “commodity markets ra…
Demolition Market “Hotting Up” Read More »