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The newbuilding market has picked up the pace during the past week, while a significant number of deals was reported in the S&P market as well. In its latest weekly report, shipbroker Allied Shipbroking said that “the number of newbuilding…

The ship recycling market seems to have edged out of the “shadows” this past week, with activity quite notable. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “steady enquiry, steady flow of tonnage and stable price levels…

The tanker market could stand to benefit from an increase in China’s fuel demand. In its latest weekly report, shipbroker Intermodal said that “China’s GDP is forecast to rally 3% y-o-y and reach 5.5% following the country’s exit from its…

The VLCC tanker market could see an upward trend, thanks to increased demand from China. In its latest weekly report, shipbroker Gibson said that “China’s dramatic shift away from its strict zero covid policy at the end of 2022 defied…

The tanker market failed to state a recovery during the first month of 2023, following on the “footsteps” of the last month of 2022. In its latest monthly report, OPEC said that dirty freight rates continued the previous month’s decline…

The shipping markets have been exhibiting a mixed bag of performance lately. In its latest weekly report, shipbroker Xclusiv said that “last week a tragic event overshadowed the news. Seismic activity in south east Turkey & Syria led to a…

There wasn’t too much movement in the S&P or the newbuilding markets this past week. In its latest weekly report, shipbroker Allied Shipbroking said that it was “a very quiet week for Newbuilding orders, with only one notable deal coming…

After months of financial constraints, things could soon start improving for ship recyclers in Bangladesh and Pakistan. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “there have been rumours circulating this week that the financial restrictions that…

There could be a shift in fortunes in completely opposite directions for various parts of the product tanker market in the weeks to come. In its latest weekly report, shipbroker Intermodal said that “with the Western sanctions on Russia’s oil…

The looming completion of West Africa’s Dangote refinery is expected to have a significant impact on crude and product tanker flows to the region. Already though, a shift is expected due to the fact that EU exports of products is…