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India has been increasingly looking to Russia, to cover its energy and raw materials needs, with coal being no exception. In its latest weekly report, shipbroker Banchero Costa said that “after a slow start in the first quarter, global coal…

The product tanker market is already in Russian ban mode since February the 5th, when the EU import ban took effect. In its latest weekly report, shipbroker Xclusiv Shipbrokers said that “as the first week of February passed, central banks…

The newbuilding market has been lit on fire as major container liners have moved forward with their newbuilding plans. In its latest weekly report, shipbroker Allied Shipbroking said that “following on from MSC’s US$1.2bn order last week, the third largest…

The ship recycling industry is undergoing significant changes in various countries. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “this week saw an improved turnout (compared to last year) for the independent conference held in Amsterdam with…

The LNG shipping market is about to experience a great year earnings-wise, at least according to existing fundamentals projections. In its latest weekly report, shipbroker Intermodal said that “in a market where LNG spot prices follow a downward trajectory since…

The tanker market and most notably the larger sizes could benefit from higher production figures, but at things stand no such development is close to fruition. In its latest weekly report, shipbroker Gibson said that “this week, the Joint Ministerial…

The shift in seaborne crude oil volumes was rather obvious during 2022, with the surge of exports from Saudi Arabia quite notable. In its latest weekly report, shipbroker Banchero Costa said that “2022 has turned out to be a very…

China’s reopening after the Lunar New Year celebrations, is expected to offer a boost in the freight rate market. In its latest weekly report, shipbroker Xclusiv Shipbrokers said that “as the Lunar New Year was celebrated in China, the dry…

Ship owners have returned to shipyards for new orders, as evidenced by the volume of ordering activity reported. In its latest weekly report, shipbroker Allied Shipbroking said that “this week saw continued interest in PCTC vessels, with four new orders…

Activity in the ship recycling market has retreated even further during the past week, as the New Year celebrations in China, curbed demand. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “a quiet week has been experienced…