Greek owners have remained quite active in the S&P market for tankers, although they were mainly net sellers. In its latest weekly report, shipbroker Xclusiv said that “following our previous analysis of dry bulk Sale & Purchase and newbuilding…
Tracking the Pulse of Greek Tanker Transactions Read More »
A Hormuz reopening is unlikely to trigger an immediate VLCC tonnage squeeze, as ample ballast capacity is already positioning towards the MEG, whereas diverting ballasters from the Atlantic could further add to the tally. There has been a lot of discus…
The Tonnage Math Behind a Hormuz Reopening Read More »
This week began with announcements of a possible agreement between the US and Iran which would end hostilities and ensure safe passage through the Strait of Hormuz for commercial shipping. As the agreement has now been signed by both parties, our indus…
BIMCO: Lack of details remain a concern in the Strait of Hormuz Read More »
With the Monsoon seasons closing in, ship recycling activity was slower in India and other 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 subdued this wee…
Ship Recycling Market Delegates Exercising Caution Read More »
Fuel surcharges have become one of the most challenging and unpredictable components of ocean freight costs for shippers. Cargo owners are often faced with significant variations in surcharge levels between carriers operating on the same trade lane, wi…
The Fuel Surcharge Problem: Is There a Better Solution? Read More »