Ship owners have turned to the S&P Market this week, in order to add more dry bulk tonnage to their fleet. At the same time, newbuilding activity is expected to increase as well, thanks to improving freight rate market conditions and stable prices….
Ship Owners Looking for More Dry Bulk Tonnage Read More »
Following IHS Markit’s previous update on the upside risk of winter demand, dry bulk vessels anchored near the northern Chinese ports have increased significantly to an average of 372 vessels in week 3 (starting on 11 January 2021) from an averag…
The COVID-19 pandemic impact us all. Personally and economically. In EU and the Eurozone, things just got worse in Q4 2020. “The stop and start of the European economy, and many other economies globally, this year has proven difficult to manage, as the…
BIMCO’s SNOW: Europe’s economy retracted 4.8% in the fourth quarter of 2020 Read More »
Adverse sentiment has taken a toll in the demolition market this week. In its latest weekly report, Clarkson Platou Hellas said that “it has been a sluggish week with many buyers feeling reluctant to offer on tonnage as the Global distress currently be…
The Pandemic’s Latest Wave of Infections Hits Demolition Activity Read More »
Peter Keller, Chairman of SEA-LNG, the multi-sector industry coalition advocating for LNG as a marine fuel throughout the entire value chain, has outlined the fundamental binary choice facing newbuilds in 2021, as decarbonisation forces a choice betwee…