Industry News
The tanker market could be set to receive a positive boost, from an increase in cargo availability and ton-mile demand. In its latest weekly report, shipbroker Gibson said that “in a recent tanker market report, we highlighted some of the current issues surrounding transit crude and crude pipelines; on that note, attention once again has […]
LNG exports from the USA have become a main source of cargo demand for LNG shipping, as the country even managed to become the no1 exporter during the first four months of 2023, edging out Australia and Qatar. In its latest weekly report, shipbroker Banchero Costa said that “global seaborne LNG trade has continued to […]
Prices for bulkers have remained high, despite the falling trend of the dry bulk market. In its latest weekly report, shipbroker Xclusiv said that “despite indices softening over the past few weeks dry bulk asset prices remain relatively firm. Indices today are at decent levels, high enough for the owners to have earnings from freight […]
Orders for dry bulkers have grown over the past week, with more owners investing in the market’s long term prospects. In its latest weekly report, shibproker Allied said that “ordering activity lost some of its pace last week, but dry bulkers remained in focus for owners. While SnP activity remains healthy, some have noted that […]
The ship recycling market seems to have slowed down considerably over the past week. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “the recycling market feels like summer has finally arrived as a lack of sales candidates and some uncertainty to the steel markets with the oncoming monsoon season seems to have […]
The war in Ukraine is having a significant impact in the seaborne coal trade, with India’s coal imports from Russia becoming a major trade and having a significant effect on ton-mile demand. In its latest weekly report, shipbroker Intermodal said that “India is one of the world’s largest coal producers and one of the world’s […]
The oil market could face a deficit of up to 2.2 mbd during the second half of 2023. In its latest weekly report, shipbroker Gibson said that “in early April, the OPEC+ coalition made a surprise decision to implement fresh production cuts, with concerns over the global economy and banking crisis being cited as one […]
Global seaborne exports have rebounded considerably this year, as more and more countries are turning to coal for their energy needs. In its latest weekly report, shipbroker Banchero Costa said that “global coal trade has really picked up pace in recent months, and is now fully back to pre-Covid levels. In Jan-Apr 2023, total global […]
The tanker fleet could shrink in the years to come, which could lead to a significant change of the oil market as well. In its latest weekly report, shipbroker Xclusiv said that “the tanker fleet (>= 10,000 DWT) is in danger of shrinking in the near future mainly because of the low order book, which […]
Demand for dry bulk carriers, both newbuildings and second hand, was in play over the course of the past week. According to the latest weekly report from Allied, “in contrast to recent weeks, the newbuilding market had an unusual amount of interest in dry bulk vessels, with contracting well in excess of the number of […]
Ship recycling activity remained muted for the most part over the past week, with one of the major markets, i.e. Pakistan, has remained off limits. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “with the well-publicised political instability and turmoil in Pakistan dominating the headlines, the recycling market at this destination looks […]
China is now the single largest imported of crude oil globally. As such, the shift towards more Russian oil imports is a major change in the market. In its latest weekly report, shipbroker Banchero Costa said that “the start of 2023 has been a positive period for crude oil trade, despite the high oil prices […]