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The tanker market was a mixed bag during the month of May. According to OPEC’s latest monthly report, dirty freight rates showed mixed movement in May. VLCCs experienced declines on all monitored routes, with Middle East-to-East spot freight rates falling…

Seaborne coal imports from China are on the rise this year. In its latest weekly report, shipbroker Banchero Costa said that “after a slow start in the first quarter, global coal trade has really picked up pace last year and…

The newbuilding market has erupted over the past week, with reports of over 50 new vessels being contracted. In its latest weekly report, shipbroker Allied Shipbroking said that “the newbuilding market is strong with news of over 50 vessels contracted,…

A significant development in the ship recycling market has taken place this week. In its latest weekly report, shipbroker Allied Shipbroking said that “before any sales, the main news this week is the big step taken towards the ratification of…

With summer now well underway, the dry bulk market is primed for much needed support, in the form of China’s need to replenish lower iron ore stocks, which is further boosted by low iron ore prices. In its latest weekly…

The tanker market is primed for an undersupply issue moving forward, as a lack of orders and an increase of scrapping of vintage tonnage are bound to create shortages in the coming years. In its latest weekly report, shipbroker Gibson…

With China switching to shorter distance coal imports, the dry bulk market and more specifically seaborne coal trade, seems to have taken a hit. In its latest weekly report, shipbroker Xclusiv said that “Europe’s appetite for coal import is limited…

Both the newbuilding and secondhand markets were rather active over the past week. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “in tankers this week, Samsung announced contracts for two 158k dwt Suezmaxes for an unnamed owner,…

A tidal wave of ships sold for scrap, is expected over the coming years, especially, as the green emission rules become more stringent. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “the quiet market continued this week…

Jet fuel is poised to remain the fuel of choice for aviation, despite the fact that its growth demand is bound to diminish over time. In its latest weekly report, shipbroker Gibson said that “over the past 3 years jet…