Industry News
With summer now well underway, the dry bulk market is primed for much needed support, in the form of China’s need to replenish lower iron ore stocks, which is further boosted by low iron ore prices. In its latest weekly report, shipbroker Intermodal said that “looking at BDI’s current performance, we can all agree that […]
The tanker market is primed for an undersupply issue moving forward, as a lack of orders and an increase of scrapping of vintage tonnage are bound to create shortages in the coming years. In its latest weekly report, shipbroker Gibson said that “against the backdrop of escalating environmental pressure and a political focus on developing […]
With China switching to shorter distance coal imports, the dry bulk market and more specifically seaborne coal trade, seems to have taken a hit. In its latest weekly report, shipbroker Xclusiv said that “Europe’s appetite for coal import is limited as there are decent thermal coal stockpiles at European ports, along with strong natural gas […]
Both the newbuilding and secondhand markets were rather active over the past week. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “in tankers this week, Samsung announced contracts for two 158k dwt Suezmaxes for an unnamed owner, with the deliveries expected in 4Q 2025 and February 2026 respectively. CSSC Dalian Shipbuilding announced […]
A tidal wave of ships sold for scrap, is expected over the coming years, especially, as the green emission rules become more stringent. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “the quiet market continued this week with both Bangladesh and Indian markets remaining stable. However, many of the industry players gathered […]
Jet fuel is poised to remain the fuel of choice for aviation, despite the fact that its growth demand is bound to diminish over time. In its latest weekly report, shipbroker Gibson said that “over the past 3 years jet fuel demand has taken a hammering, with the product by far the most impacted by […]
As the debate over the potential shipping decarbonization avenues is heating up, Hellenic Shipping News (www.hellenicshippingnews.com), interviewed Mr. Dave Gregory, Managing Director of North Europe for Baseblue. According to Mr. Gregory believes that the shipping industry will struggle to meet the 2030 mandates, set by the IMO. Baseblue was created through the merger of three […]
The product tanker market could see a boost over the coming months, as the US inventories need replenishing in a period when demand is expected to grow. In its latest weekly report, shipbroker Intermodal said that “the MR Atlantic time charter average experienced a significant increase of almost 150% last week, reaching $34,841 per day […]
The tanker market seems to be going through a structural change in cargo flows, with Russian oil now being, almost exclusively sold to China, India and Southeast Asia, while Europe’s imports have fallen to just 3%. In its latest weekly report, shipbroker Xclusiv said that “opening the conversation about seaborne oil trade, it must be […]
Newbuilding orders have kept growing, as owners are looking to book more berths, prior to them becoming unavailable. In its latest weekly report, shipbroker Allied said that it was “an active week in the newbuilding market, as owners face increasing pressure and prices to secure the earliest delivery slots. We have yet more MR tankers […]
Prices in the ship recycling market have held firm over the past week, as supply has been slow. In its latest weekly report, shipbroker Allied said that “after recent declines, ship recycling prices have held firm and even increased slightly, perhaps as a result of the relatively low number of demolition candidates. Bangladesh continues to […]
LNG shipping rates are headed for higher ground over the summer, as LNG demand is expected to keep growing. In its latest weekly report, shipbroker Intermodal said that “due to sluggish demand and massive inventories, spot LNG prices in Asia plummeted to a two-year low, while prices in Europe also declined below the $10 mark […]