Industry News
The newbuilding market has seen its fair share of activity, despite the Holiday season. In its latest weekly report, shipbroker Intermodal said that “activity in the new building market was healthy last week with a couple of orders being materializing just before the close of the 2022 contracting book. Japanese owners Hisafuku Kisen and Kasuga […]
The ship recycling market has been under pressure for quite some time, marking 2022 as a rather turbulent year. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “, there is some renewed hope that the financial restrictions experienced in Bangladesh and Pakistan could soon be lessened. It is reported this week that […]
All signs point towards a 2023 boom year for the tanker market. In its latest weekly report, shipbroker Intermodal said that “while crude tanker freight rates have made a fair bit of gains, especially during the 2H2022, the market holds ample optimism for 2023. More specifically, a low order book paired with increased ton-miles following […]
The newbuilding ordering activity has been lower over the course of the past week, as is the case, traditionally, during the Festive period. In its latest weekly report, shipbroker Allied Shipbroking said that “this week showed a considerable decrease in volume for fresh new orders. The last time additions to the orderbook were at lower […]
The Greek shipping fleet is expected to continue its upward trend in 2022 and 2023 across all sectors, even allowing for higher scrapping, Petrofin Research said in a report issued yesterday, detailing the course of the shipping sector in Greece, both in terms of fleet size and the number of companies involved. According to the […]
The ship recycling has remained under pressure, despite a few positive signs here and there. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “there feels like some renewed vigour in the market this week on the back of some slight gains from the Indian steel plate markets. Price levels for tonnage giving […]
Shipyards across Europe, Med and the Black Sea are expected to be fully booked during 2023, as a multitude of projects, many of which will be environmental retrofits, are expected to take place. In its latest weekly report, shipbroker Intermodal said that “while observing the ship repair market very close to the end of the […]
The tanker market is expected to stay firm during 2023, with both demand and supply fundamentals expected to help the market to remain at high levels. In its latest weekly report, shipbroker Gibson said that “12 months ago, we titled our closing report of 2021 ‘A year to Forget’. 2022 has been anything but and […]
The tanker market continued its upward trend during the month of November, OPEC said in its monthly report, issued this week. Dirty freight rates continued to move higher in November, with strong gains on all monitored routes. Aframax rates saw the strongest gains, as demand was robust as refiners loaded up on Russian crude ahead […]
With China’s economy slowdown and the COVID-related measures in flux, shipping and more importantly the dry bulk segment is under pressure. In its latest weekly report, shipbroker Allied Shipbroking said that “as China announced last week a series of wide-ranging relaxations on its zero-Covid restrictions, markets worldwide began to price what these shifts could mean […]
The newbuilding market has picked up pace this week, with more orders being reported. In its latest weekly report, shipbroker Allied Shipbroking said that “the first full week of December brought a second healthy week of new orders. Good earning potential and strong second hand values have, to a great degree, helped in maintain interest […]
The ship recycling market has had a positive week after a long time, thanks to a renewed supply of vintage tonnage. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “this week has seen a strong supply of smaller container units circulated into the market which could be the sign of things to […]