Industry News
The grain and soybeans trade sentiment appears to be mixed for the second half of 2023, as both positive and negative factors are expected to come into play. In its latest weekly report, shipbroker Intermodal said that “the assessment of the upcoming trade grain activity for the second half of 2023 reflects a nuanced sentiment, […]
Financing for “green” ships is widely available and on better terms, compared to ships using conventional technologies. Following are the main findings of Petrofin Research’s latest annual report on global ship financing trends. The Petrofin Index for Global Ship Finance which commenced at 100 in 2008, has remained stable at 63 in 2022 compared to […]
The US crude oil export trade has grown significantly over the past few years, with further growth during the first five months of 2023. In its latest weekly report, shipbroker Banchero Costa said that “2023 so far has been another positive period for crude oil trade, despite the high oil prices and risks of economic […]
The dry bulk market’s main themes are revolving around China’s emergence as a major coal importer and Ukraine’s grain exports. In its latest weekly report, shipbroker xClusiv said that “days go by and there is still no light at the end of the tunnel for the UN’s sea corridor for Ukrainian grain. Russian authorities have […]
A number of newbuilding contracts for container ships took place over the course of the past week. In its latest weekly report, shipbroker Allied said that “following several months of reports on the enquiries of the biggest container lines, the past week finally delivered orders from Maersk and CMA CGM along with news of Evergreen […]
The ship recycling market hasn’t shown any signs of change over the past week, as slow activity amid a lack of tonnage, seems to be the norm these days. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “there is no change to the rhythmic pattern experienced over many weeks from the regular […]
China’s seaborne coal imports have grown by 97.3% during the first five months of 2023, marking a significant shift in cargo flows and demand for dry bulk carriers. In its latest weekly report, shipbroker Intermodal said that “anticipation are high that the current downward momentum in the market will be reversed by the recovery of […]
The crude and product tanker trades in the West Africa are about to change, after the recent inauguration of the Dangote refinery in Nigeria. In its latest weekly report, shipbroker Gibson said that “the long-awaited massive 650kbd Dangote refinery in Nigeria was inaugurated in late May, following years of delays caused by logistical problems and […]
In its latest weekly report, shipbroker Banchero Costa said that “2023 has been so far a positive year for global iron ore trade. In Jan-May 2023, global loadings of iron ore increased by +3.1% y-o-y to 620.9 mln tonnes, from 602.2 in the same period of 2022. It is however a shade below the 621.3 […]
Activity in the second-hand vessel market has been lackluster over the past few months, as a result of high prices. In its latest weekly report, shipbroker Xclusiv said that “as the first month of summer in the northern hemisphere is coming to an end and the second quarter of 2023 is ending, we take a […]
Ship owners have kept investing heavily in newbuildings over the course of the past week. In its latest weekly report, shipbroker Allied said that “contracting activity continued at a decent pace last week as owners aim to secure 2025 delivery slots despite rising newbuilding prices. Following the recent boom in orders, owners attention appears to […]
The ship demolition market has officially entered its slow season, as is usually the case during the summer months. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “the arrival of the racing festival this week at Royal Ascot here in the U.K. clearly confirms that we are now galloping through the summer […]