Ship owners’ appetite for newbuildings seems unabated during the first few months of 2021, after the past lackluster years of relatively limited investment. An expected rebound in freight rates has also triggered more deals in the newbuilding part of t…
2021 Shaping Up for a Boom Year in Newbuilding Orders Read More »
Since the advent of the pandemic in early 2020 and following the initial shock causing a deep dive in economic output worldwide, after China’s successful handing of the health crisis, two buzzwords have been in market participants’ lips: “vaccines roll…
Dry bulk commodities and asset values steely resolve Read More »
Availability of low sulphur fuels is plentiful in major European and African ports, and HSFO remains more limited in the Canary Islands and South Africa than in the ARA and Gibraltar Strait. Fuel availability has not changed much in Europe and Africa i…
ENGINE: Europe & Africa Bunker Fuel Availability Outlook Read More »
“ Fill her up son, unleaded; I need a full tank of gas where I’m headed,” former Police-front man, Sting, sang back in 1999 on his solo album: “Brand New Day”. This country-inspired song could be the anthem for what is coming around next week, as…
All eyes on US gasoline today; will demand exceed 9.2m bpd? Read More »
Prices offered by scrapyards for older tonnage is reaching new heights of late, tempting many owners into decommissioning the older ships of their fleet. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “with the after-effects o…
Demolition Market is Sizzling Hot Read More »