marineadmingroup

Tanker newbuilding orders have been on the rise, as owners feel more confident to invest, given the record low orderbook. In its latest weekly report, shipbroker Allied said that “a rather interesting week for the newbuilding market took place, with…

A mismatch is evident in the ship recycling market, as yards are not willing to match the prices on offer. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “certain vessels achieve a certain price sometimes in this…

Seaborne crude oil flows keep on changing, with China having recently emerged as major buyer of US crude oil. In its latest weekly report, shipbroker Intermodal said that “the recent commitment from Russia and Saudi Arabia to production cuts, coupled…

The low water level of one of the main fuel distributions artery, the Rhine River, is causing significant disruption. In its latest weekly report, shipbroker Gibson said that “in Europe, besides contending with an intense heatwave, lower rainfall has impacted…

Iron ore demand from Japan have been steadily falling over the past few years, even before the pandemic and so far, 2023, is proving to be no exception. In its latest weekly report, shipbroker Banchero Costa said that “2023 has…

The dry bulk market will be effected by Russia’s exit from the UN Black Sea Grain Initiative. In its latest weekly report, shipbroker Xclusiv said that “earlier this week Russia stepped back from the UN Black Sea Grain Initiative. Moscow…

Ship owners have kept ordering newbuildings, with bulkers and tankers the main targets. In its latest weekly report, shipbroker Allied Shipbroking said that “the newbuilding market was quieter than in the previous week, but there was activity to be noted…

Major Greek ship owners have turned their sights towards bulkers, making big moves of late. In its latest weekly report, shipbroker Intermodal said that “the strategies of major/traditional owners usually have a knock-on effect on mid/small owners who tend to…

The ship recycling market has seen limited activity for a number of weeks, as more and more old ships remain active, instead of being sold for scrap. The uncertainty regarding future “green” technologies and limited newbuilding deliveries are contributing factors…

As the shipping industry, but also the IMO is facing increased pressure towards its decarbonization goals, it’s important to note that reaching consensus among all member states, is proving to be rather difficult, as some blocs (like for example China…