Ships’ recycling activity could be much more brisker if more tonnage was available for sale. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “as we enter the seasonal Diwali festivities, the true meaning being the celebration o…
Demolition Activity Will Pick Up Pace If More Tonnage is Offered Read More »
The sale of Sam (formerly Zoya 1), an almost 25-year-old 300,500 DWT crude oil tanker, marks the end of the fourth longest streak of zero VLCC demolitions in history, this time lasting 512 days. The last VLCC to be demolished was the 300,361 DWT “Watba…
Sale of 25-year-old VLCC ends 512 days demolition draught Read More »
Why container lines might not want a return to business as normal. The heart-lifting scientific breakthrough for a potential COVID-19 vaccine is now diverting the world’s attention to the logistics of how will it all be moved when it becomes available….
Will carriers fold a winning hand? Read More »
The past week was a boon for shipbuilders, as owners flocked back to yards, contracting more vessels. In its latest weekly report, shipbroker Allied Shipbroking said that it was “a very impressive week for the newbuilding market, given the plethora of …
Newbuilding Orders Pick Up Pace Read More »
This time a year ago the market was talking about the upcoming IMO2020 sulphur regulations change. The operators of the non-scrubber tonnage were in the process of putting together the switch-over plans from HSFO to VLSFO and starting to purchase the c…
A year on: better VLSFO quality but watch HSFO Read More »