The tanker market is expected to start recovering, in line with a demand growth in the crude oil market. In its latest weekly report, shipbroker Allied Shipbroking said that “a slight reversal in the prevailing trend has been witnessed in the crude oil…
Tanker Market: Recovery is a Matter of When, not If Read More »
During the first half of 2021, a total 277 container ships have changed hands, a 103.7% jump from 136 ships bought and sold in the same period of 2020 (source: VesselsValue). The jump testifies to a red-hot container market that has fueled demand for t…
Secondhand container ship deals jump over 100% in H1 2021 Read More »
The Republic of the Marshall Islands (RMI) achieved a ranking in the top three on the white list of the Paris Memorandum of Understanding (MoU) as reflected in the Paris MoU’s Annual Port State Control Report, released 1 July 2021. Neither of the other…
Republic of the Marshall Islands Earns Top Three Ranking on Paris MoU White List Read More »
Lead times for Singapore’ VLSFO are longer by one day, while Fujairah is seeing better bunker fuel availability. Gibraltar, Rotterdam and Fujairah remain well supplied. Singapore’s total fuel oil stocks have risen to 50.49 million bbls on the week, on …
ENGINE: Global Fuel Availability Outlook Read More »
The demolition market remains rather lively, as more tonnage has been sold for scrap. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “after last week’s further strengthening in price levels, some in the industry were expecting…
Ships’ Recycling Market Heating Up Read More »