Industry News
Indonesia’s coal exports surged during 2022, with the EU and India receiving the lion’s share of these increases. 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 is now fully back to pre-Covid levels. In […]
The popularity of LNG tankers among newbuilding orders is rather evident over the past few weeks. In its latest weekly report, shipbroker Allied Shipbroking said that “December closed and the new year began with activity similar to that of the previous few weeks. Investment in LNG continued amid expectations of high European demand over the […]
The ship recycling market in 2022, wasn’t that much different to 2021, in terms of the level of activity. In its latest weekly report, shipbroker Allied Shipbroking said that “demolitions trickled in over the end of the year, with the major recycling countries in line to receive only two or three vessels after the last […]
China and India appear to be ramping up their import “engines”. China recently agreed to boost iron ore imports from Australia after a two-year hiatus due to the strained relations between the two countries. Similarly, India is expected to boost its coal imports. In its latest weekly report, shipbroker Xclusiv Shipbrokers said that “the beginning […]
Investment strategies involving a shipping company’s assets are always a tricky proposition, but nevertheless an integral part of each ship owner’s strategy. In a recent weekly report, shipbroker Allied Shipbroking said that “let’s suppose that we have a portfolio of two assets, a VLCC and a Capesize unit, both W-O-W change 5 years of age. […]
The tanker market is expected to experience a positive 2023, according to the majority of analysts. In its latest weekly report, shipbroker Gibson said that “whilst 2022 ended with a fanfare, there is now a quieter feel for tanker markets as we step into 2023. The first Baltic Exchange assessments this week showed some notable […]
2023 has began with most experts expecting a mixed bag for the various shipping segments. In its latest report, shipbroker Intermodal said that “the United Nations Conference on Trade and Development (UNCTAD) published a Global Trade Update on December 13th highlighting that global trade would hit a record $32 billion for 2022 despite the war […]
The start of the New Year has been, as expected, rather lackluster for the shipping market. In its latest weekly report, shipbroker Fearnleys said that “it’s been a lackluster start to the New Year in the VLCC segment and lack of fresh enquiries and transparency is weighing on the sentiment. The change in WS flat […]
Crude oil imports into China were down 4.6% year-on-year during the first 11 months of 2022. 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. In the first 11 months […]
The ship recycling market has had a challenging 2022, with a general lack of activity. In its latest weekly report, GMS (www.gmsinc.net), the world’s leading cash buyer of ships said that “as we close out another year, sub-continent markets remain suspended at their weakest point for some time now. Pricing remains firm (given the historical […]
The global fleet has grown this year, but at various speeds for different ship markets, while the main differentiating factor moving forward is expected to be the rate of renewal, via the orderbook. In its latest weekly report, shipbroker xClusiv Shipbrokers said that “while Santa Claus has come down the chimney for some, the Chinese […]
As the freight markets shifted tides during 2022, so did ship values. In its latest weekly report, shipbroker Allied Shipbroking said that “as we close off 2022, we note how much it has been a switch over year in fortunes W-O-W change for the two main secondhand markets, namely that of Dry Bulkers and Tankers. […]