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Industry News
Tonnage availability has been hard to come by in the ship recycling market. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “the supply of tonnage to the market has slowed considerably with only a handful of units being circulated into the market. The question is whether they will be sold for recycling […]
Coal price fluctuations and the shifts in major routes, like the Australia-China one, has brought a significant shift in the dry bulk carriers’ sizes used, with a rise of smaller sizes in what were once Capesize “territory”. In its latest weekly report, shipbroker Intermodal said that “since the beginning of the year, there has been […]
Iraq’s ambition to become a major oil producer once more, competing with Saudi Arabia, is hindered by a number of factors. In its latest weekly report, shipbroker Gibson said that “late last week, the Government of Iraq won an international arbitration award upholding Baghdad’s sovereignty over exports from oil produced in the Kurdistan autonomous region. […]
West Africa crude oil exports kept falling during 2022, continuing the downward trend of the past few years. In its latest weekly report, shipbroker Banchero Costa said that “2022 turned out to be a very positive year for crude oil trade, despite the surging oil prices and risks of economic recession. In the full 12 […]
The shipping industry could face some headwinds, as a result of the latest banking crisis, together with the constant increase of rates. In its latest weekly report, shipbroker Xclusiv said that “despite the banking crisis and the “shaking” of the European banking sector, central banks have stuck to their plan against inflation. The BoE raised […]
Newbuilding orders have rebounded strongly over the course of the past week, while demand was increased in the S&P market as well. In its latest weekly report, shipbroker Allied said that “this week saw strong contracting activity, although it lacked orders of the magnitude of ONE’s 10 vessel deal announced last week. Dutch firm Samskip […]
A slowdown in the ship recycling market should be expected in the following weeks, as a result of the holy month of Ramadan. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “the holy month of Ramadan has arrived which seasonally, will ensure a lack of appetite from the recyclers to engage in […]
The tanker market’s prospects look brighter by the day. In its latest weekly report, shipbroker Intermodal said that “the crude tanker market continues to gather momentum as we head towards the end of 1Q2023, against a backdrop of strong U.S. exports paired with a steady recovery of Chinese demand for crude”. Source: Intermodal According to […]
Shipping’s decarbonization process is in full swing as pressure is mounting for a cleaner industry. Carbon capture could be one of the technologies to help towards the end goal and climate neutrality. In its latest weekly report, shipbroker Gibson said that “carbon capture and storage (CCS) is not a novel concept. Many of the early […]
The seaborne coal market grew by almost 6% during 2022, reversing the negative trend of the previous years. As more countries chose to boost their use of conventional energy, coal was again in high demand. However, Australia’s coal exports were still down last year, mainly as a result of China’s choice of alternative markets for […]
The dry bulk market’s recovery is in full swing, with rates rebounding on a steady pace. In its latest weekly report, shipbroker Xclusv said that “the dry market continues its “counterattack” from mid-February lows. BCI closed at 1,931 points mark, having an increase of 606% since 17 February and 19 daily positive closings out of […]
The newbuilding contracting activity has been hampered so far this year, by elevated prices. However, owners are interested in placing more orders in the gas, product tanker and container segments. In its latest weekly report, shipbroker Allied Shipbroking said that “container shipping company ONE continued the trend for investment in efficiency enhancing technologies and alternative […]