Industry News
The EU retained its lead as the biggest LNG importer, significantly increasing its imports during the first half of the year. In its latest weekly report, shipbroker Banchero Costa said that “global seaborne LNG trade was increasing sharply until 2022, helped also by the events in Ukraine which forced Europe to diversify away from Russian […]
The tanker market has been impacted heavily by the US policies during the first half of 2025. In its latest weekly report, shipbroker Gibson said that “almost every year since 2020 has been a rollercoaster ride, and the first six months of 2025 were no different with a wide range of factors influencing the tanker […]
Pressure has been the main trend in the ship recycling market. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships said that “ship recycling markets across South Asia and Türkiye remain under sustained pressure, with sentiment weak and no improvement in activity levels. In India, sluggish demand persists as cheaper […]
Iraq crude oil exports have kept on retreating during the first five months of 2025, continuing the downward trend of 2024 at a heightened pace. In its latest weekly report, shipbroker Banchero Costa said that “in Jan-Dec 2024, global crude oil loadings went up by a modest +0.4% yo-y to 2194.6 mln tonnes, excluding all […]
The tanker market has been in a constant state of flux, with cargoes destined to derive from various locations, not so active in the past and vice versa. In its latest weekly report, shipbroker Xclusiv Shipbrokers said that “oil markets were very busy during the previous week. Oil prices have been rising to levels not […]
Ship owners have been quite active in the newbuilding and S&P markets this past week. In its latest weekly report, shipbroker Allied Shipbroking said that “a substantial number of newbuilding orders have come to light over the past week, with bulk carrier orders at the fore, with 11 orders across the Handysize, Panamax and Capesize […]
The ship recycling market seems to be “waking up” once again. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “there seems to be two mindsets from recyclers in Alang, India this week. Some recyclers appear to be increasing their interest to procure tonnage and we have seen improved rates by some USD […]
The tanker market could be set for a significant boost, should Iran’s oil exports return to the global market. In its latest weekly report, shipbroker Intermodal said that “pitching up from Spring, oil prices have been under considerable pressure due to sluggish market fundamentals, or at least the perception of such, individual nations, headed by […]
The crude and clean tanker market in the North American region will see its trade shift, from 2024 onwards, as a result of the operation of the new Olmeca (former Dos Bocas) 340,000 b/d refinery in Mexico. In its latest weekly report, shipbroker Gibson said that “despite being a major crude exporter and home to […]
Australia is among the top three exporters of LNG globally, taking the “crown” during 2022. So far this year, the country has seen increased exports of 1.3%, placing the country in second place, ahead of Qatar, but behind the USA. In its latest weekly report, shipbroker Banchero Costa said that “global seaborne LNG trade has […]
Even though newbuilding activity has increased over the past couple of months, it remains below last year’s level. In its latest weekly report, shipbroker Allied Shipbroking said that “total contracting remains below last year’s pace as earnings have broadly receded from last year’s highs, and uncertainty surrounding future fueling continues to persist and discourage owners […]
The shipping market had a mixed performance over the summer period. In its latest weekly report, shipbroker Xclusiv Shipbrokers said that “summer moved on and September is “ante portas” but things remain quite unchanged. The Chinese economy is still struggling to find her footsteps after the end of the zero Covid policy. China’s numbers concerning […]