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Industry News
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 […]
The dry bulk market could be further supported by China’s indication that it will throw more support towards its economy’s recovery. In its latest weekly report, shipbroker Xclusiv commented that “it remains to be seen whether the Chinese government’s actions will boost the dry bulk market. During the past month, the dry bulk market has […]
The tanker market’s medium-term momentum remains positive after the latest round of reports. In its latest weekly report, shipbroker Gibson said that “last week the IEA published its much-anticipated Oil 2023 report, after being forced to cancel/postpone two of the previous three releases due to the pandemic and watTORr in Ukraine. This year’s release is […]
Higher seaborne crude oil flows are up 8.5% during the first five months of 2023, with China, the E.U. and India, all posting higher imports. In its latest weekly report, shipbroker Banchero Costa said that “2022 was a very positive year for crude oil trade, despite the surging oil prices and risks of economic recession. […]
The number of “green” ships ordered is growing in size, as the industry is beginning its long journey towards decarbonization. In its latest weekly report, shipbroker Intermodal said that “the shipping decarbonization pathway is well underway. During 2022 the process of decarbonization has hit a turning point as the majority of the newbuilt vessels ordered […]