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Industry News
Few sales have been completed in the ship recycling market this past week, despite the fact that there are more negotiations taking place. In its latest weekly report, shipbroker Allied Shipbroking said that “whilst there are certainly more units being talked around, actual concluded sales remain limited. Sentiment remains optimistic from both India and Bangladesh, […]
The seaborne soybean trade could be set for a challenging short-term period, as harvest delays seem to be affecting available for export supply. In its latest weekly report, shipbroker Intermodal said that “the short-term outlook of the global soybean market is currently pivoted by a combination of weather patterns that are affecting the harvest progress, […]
The tanker market could experience a healthy demand front during 2023. In its latest weekly report, shipbroker Gibson said that “oil prices have remained comfortably below $100/bbl over the past three months, with Brent largely trading between $80/bbl and $85/bbl, despite the imposition of the European ban on Russian crude and products imports. This relative […]
India is now the third biggest importer of crude oil, with a market share of 11% of global crude oil imports. In its latest weekly report, shipbroker Banchero Costa said that “2022 has turned out to be a very positive year for crude oil trade, despite the surging oil prices and risks of economic recession. […]
Russia’s invasion in Ukraine, a year and a few days ago, has had a profound impact on shipping. In its latest weekly report, shipbroker Xclusiv Shipbrokers said that “the disruption in oil and natural gas trade has been significant. Russia, the second largest oil exporter in the world, lost its largest customer, Europe. Most of […]
Ship owners have returned to shipyards this past week, with more deals in the container and LNG/LPG shipping segments. In its latest weekly report, shipbroker Allied said that “last week saw orders in line with the trends seen over the year so far. CMA CGM returned with an order for six methanol fueled 16,000 TEU […]
The ship recycling market is seemingly on the rise again, despite the fact that not too many candidates are available. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “market supply remains thin on the ground, however we are certainly seeing more inquiry and facing more questions from ship owners relating to the […]
The tanker trade has been turned on its back, one year after Russia’s invasion of Ukraine. In its latest weekly report, shipbroker Gibson said that “it now marks one year since the Russian invasion of Ukraine. Instead of being a short military operation, it has evolved into a protracted war with thousands dead and injured […]
The seaborne coal market showed a significant increase of 5.8% during 2022, despite the fact that the world’s largest importer, China, was down compared to 2021. 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 use of methanol as an alternative and future-proof low emission fuel is gaining ground among newbuildings. In its latest weekly report, shipbroker Xclusiv Shipbrokers said that “in these first 2 months of 2023, the newbuilding highlights are about methanol as alternative fuel and the investment in it by some major players. Already an undisclosed […]
The newbuilding market has picked up the pace during the past week, while a significant number of deals was reported in the S&P market as well. In its latest weekly report, shipbroker Allied Shipbroking said that “the number of newbuilding contracts picked up, following the particularly quiet preceding week. Numerous sources have confirmed HMM’s order […]
The ship recycling market seems to have edged out of the “shadows” this past week, with activity quite notable. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “steady enquiry, steady flow of tonnage and stable price levels currently provide balanced market conditions for Owners to reap the benefits of any potential recycling […]