marineadmingroup

The ship recycling market seems to have slowed down considerably over the past week. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “the recycling market feels like summer has finally arrived as a lack of sales candidates…

The war in Ukraine is having a significant impact in the seaborne coal trade, with India’s coal imports from Russia becoming a major trade and having a significant effect on ton-mile demand. In its latest weekly report, shipbroker Intermodal said…

The oil market could face a deficit of up to 2.2 mbd during the second half of 2023. In its latest weekly report, shipbroker Gibson said that “in early April, the OPEC+ coalition made a surprise decision to implement fresh…

Global seaborne exports have rebounded considerably this year, as more and more countries are turning to coal for their energy needs. In its latest weekly report, shipbroker Banchero Costa said that “global coal trade has really picked up pace in…

The tanker fleet could shrink in the years to come, which could lead to a significant change of the oil market as well. In its latest weekly report, shipbroker Xclusiv said that “the tanker fleet (>= 10,000 DWT) is in…

Demand for dry bulk carriers, both newbuildings and second hand, was in play over the course of the past week. According to the latest weekly report from Allied, “in contrast to recent weeks, the newbuilding market had an unusual amount…

Ship recycling activity remained muted for the most part over the past week, with one of the major markets, i.e. Pakistan, has remained off limits. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “with the well-publicised political…

China is now the single largest imported of crude oil globally. As such, the shift towards more Russian oil imports is a major change in the market. In its latest weekly report, shipbroker Banchero Costa said that “the start of…

The tanker market is expected to remain a “minefield” of sanctions, cargo seizures and pipeline disrruption for the time being. In its latest weekly report, shipbroker Gibson said that “disruption to crude exports is nothing new, however recent geopolitical events…

Dirty freight rates experienced a downward correction in April across all reported routes. Aframax saw the sharpest downturn, falling by as much as 66% on the Caribbean-to-US East Coast (USEC) route. Suezmax spot freight rates were next, with rates on…