The coronavirus pandemic has shutdown much of the US economy for months and even as parts of it reopen, the data is beginning to reveal the extent of the damage that has been done and a slow recovery is taking a tentative shape. The second estimate for…
Container shipping industry hit hard by US lockdown Read More »
Demolition activity for ships has resumed as lockdown measures are gradually lifted. In its latest weekly report, shipbroker Clarkson Platou Hellas commented “what a difference a week makes! With Eid celebrations coming to end and lockdown restrictions…
Ship Recycling Activity Resumes in Southeast Asia Read More »
If the past few months have taught us anything, it is that people, businesses and governments can act quickly when they have no alternative. Even the most risk-averse companies were left unprepared when the Coronavirus (COVID-19) began its rapid spread…
A Catalyst for Change Read More »
Demand for Vehicle Carriers is down significantly since the onset of COVID-19. This article will look at how much demand has fallen, both globally and across some of the main trades, if there are any green shoots of demand recovery for the sector, and …
The fall in demand for Vehicle Carriers Read More »
Ship owners seem to be more active in the newbuilding and S&P markets, at least over the course of the past week. In its latest weekly report, shipbroker Intermodal said that “following a generous second half of May in terms of reported contracting…
Newbuilding Activity on the Rise as World Trade Resumes Read More »