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Few sales have been completed in the ship recycling market this past week, despite the fact that there are more negotiations taking place. In its latest weekly report, shipbroker Allied Shipbroking said that “whilst there are certainly more units being…
The seaborne soybean trade could be set for a challenging short-term period, as harvest delays seem to be affecting available for export supply. In its latest weekly report, shipbroker Intermodal said that “the short-term outlook of the global soybean market…
The tanker market could experience a healthy demand front during 2023. In its latest weekly report, shipbroker Gibson said that “oil prices have remained comfortably below $100/bbl over the past three months, with Brent largely trading between $80/bbl and $85/bbl,…
India is now the third biggest importer of crude oil, with a market share of 11% of global crude oil imports. In its latest weekly report, shipbroker Banchero Costa said that “2022 has turned out to be a very positive…
Russia’s invasion in Ukraine, a year and a few days ago, has had a profound impact on shipping. In its latest weekly report, shipbroker Xclusiv Shipbrokers said that “the disruption in oil and natural gas trade has been significant. Russia,…
Ship owners have returned to shipyards this past week, with more deals in the container and LNG/LPG shipping segments. In its latest weekly report, shipbroker Allied said that “last week saw orders in line with the trends seen over the…
The ship recycling market is seemingly on the rise again, despite the fact that not too many candidates are available. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “market supply remains thin on the ground, however we…
The tanker trade has been turned on its back, one year after Russia’s invasion of Ukraine. In its latest weekly report, shipbroker Gibson said that “it now marks one year since the Russian invasion of Ukraine. Instead of being a…
The seaborne coal market showed a significant increase of 5.8% during 2022, despite the fact that the world’s largest importer, China, was down compared to 2021. In its latest weekly report, shipbroker Banchero Costa said that “after a slow start…
The use of methanol as an alternative and future-proof low emission fuel is gaining ground among newbuildings. In its latest weekly report, shipbroker Xclusiv Shipbrokers said that “in these first 2 months of 2023, the newbuilding highlights are about methanol…