Capesize dry bulk earnings break record on the back of strong 2021-start
21.04.2021As daily earnings for the largest of the dry bulk ship types – capesize – reached USD 28,520 on Friday 16 April, a ten-year-high was attained. However, whereas Fridays’ daily average time charter equivalent earnings (TCE) are seasonally strong, they are not special by their own merit.
learn more →Dry Bulk Market Still Fragile Despite Recent Rally
16.04.2021Despite the dry bulk market’s recent upward momentum, things are still quite fragile and nothing should be taken for granted. In its latest weekly report, shipbroker Allied Shipbroking said that “with Q1 of the year already passed, it is interesting to note that a typically sluggish period in the year for the dry bulk sector has come to be one of the most promising rallies not seen for many years.
learn more →Ship Owners Reap Major Fees in the Demolition Market
08.04.2021The boosting of financial incentives by scrapyards over the past few weeks seems to have worked, as more and more tonnage becomes available for scrapping. In its latest weekly report, shipbroker Clarkson Platou Hellas that “after having seen some barren weeks in the recycling field, due to the improving freight markets and steadily rising second-hand values, there was finally something to get excited about with some large and interesting units circulated for sale.
learn more →How COVID-19 has driven a technology revolution in shipping.
01.04.2021Last year, satcom specialist IEC Telecom[i] highlighted that demand for digital technology had risen tenfold as maritime businesses embraced new ways of working during the coronavirus pandemic. But why has it taken a pandemic to change attitudes to technology?
learn more →Scrap Prices Should Rise in Order To Attract More Tonnage Says Shipbroker
19.03.2021An underwhelming demolition market has been the norm so far this year, despite expectations that a lackluster freight market, mainly for tankers, could increase tonnage sold for scrap. However, this hasn’t been the case so far, not to mention that owners of bulkers and containers prefer to keep them in the market, due to improved freight rates.
learn more →No Respite for Tanker Owners Until the Second Half of 2021
12.03.2021All hope for the tanker market’s recovery is rested on the second half of the year, when oil demand is expected to rebound considerably.In its latest weekly report, shipbroker Allied Shipbroking said that “the uninspiring freight scene in the crude oil tanker market has persisted for a very long period and owners with their vessels trading mostly in the spot market have seen a significant accumulation in negative earnings.
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