Shipping is being dealing with a double-edged sword lately, as it is faced with stringer environmental measures around the world, while also having to cope with a slowdown in seaborne trade, which is having an adverse effect on revenues. In fact, it is…
Demand for Seaborne Trade to Remain Low for the Next 12 Months Read More »
Traditionally, the most common way of financing ships has been through debt and equity financing. However, over the past decade, ship leasing has become a very significant competitor and alternative for the provision of finance for the acquisition of s…
New world of ship sale and leaseback Read More »
It’s enough to have industry observers scratching their heads in wonder. In the face of continued economic uncertainty, a delicate geopolitical situation, and a crippling global pandemic – all with obvious widespread international trade implications – …
Ships’ recycling market has returned to higher ground, with demand for tonnage in healthy levels. In its latest weekly report, shipbroker Allied Shipbroking said that “the ship recycling market seems to be holding its positive tone as of late, given th…
Demolition Market Heating Up Read More »
On Monday 2 November – it will be 500 days since the last VLCC left active service when it went on its final journey from Jeddah to Bangladesh for dismantling. Strong crude oil tanker market earnings from August 2019 through July 2020 have evaporated a…
500 days since last VLCC demolition sale Read More »