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Lack of Tonnage Prevalent in the Demolition Market

04.03.2021

Alack of tonnage is becoming evident in the ship recycling market, as the firming up of the freight market has limited selling opportunits among ship owners. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “with owners still enjoying the fruits of the continued firm freight markets, particularly in the dry sector, the alarming lack of tonnage in the market gives a barren feel to discussions.

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Shipbreaking Industry Receives a Boost

10.02.2021

Structural changes in the shipbreaking industry in the Southeast Asia region are about to provide additional support to the demolition market. In its latest weekly report, the shipbroker Clarkson Platou Hellas said that “the budget announcement from India this week brought some positive news towards the shipping industry with the Government seemingly attempting to prioritize shipping as a major benefactor of funding as they position themselves to increase their share in the world of shipping seeking more vessels flying the Indian flag, more jobs for national seafarers and more green recycling at Alang. 

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Tanker Market in the Cusp of a Structural Change

02.02.2021

The energy mix is bound to shift, as fossil fuels are expected to take a back seat, in favor of alternative fuels. As such, the tanker market is going to face structural changes moving forward.In its latest weekly report, shipbroker Allied Shipbroking said that “one of the dominating trends in investments since the beginning of the year and since the election of Joe Biden in the US presidential elections, has been the “clean energy” concept. 

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More Scrapping, Fewer Deliveries Bode Well for the Dry Bulk Market in 2021

15.01.2021

A smaller dry bulk fleet could be on the cards for 2021, should the existing trends and estimates materialize. In its latest weekly analysis, shipbroker Intermodal said that “we expect the rise in scrap prices amid the inflection of steel prices to multi-year highs to incentivize scrapping of vintage units (still more than 5.5% of the dry bulk fleet is above 20 years of age).

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LNG dual-fueled vessels make 10 % of tanker orders in 2020

18.11.2020

Risavika LNG front month has increased by 2.4 % week on week to 24.60 EUR/MWh. Colder weather forecast for the rest of November supported European front month gas prices. Still the gas supply side remains healthy and number of LNG cargoes arriving to Europe is increasing, thus, price increase was limited.

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Tanker Market Fundamantals Could Turn Positive As Supply Is Down on Most Classes

21.10.2020

Tanker supply is edging near a 5-year low in many segments of the market. This development could bring positive news for tanker owners in the mid-term, which could also help make a case for more investment both in the S&P, but also in the newbuilding market in the coming months.

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How the major dry bulk commodities drive the freight market into Q4

02.10.2020

The world is in the midst of the second coronavirus wave and with that comes the natural question of how the current dynamics will play out for the dry bulk shipping market. 

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Ship Owners Looking for More Deals in the Dry Bulk Segment

22.09.2020

Ship owners are actively looking for more deals in the dry bulk S&P market. In its latest weekly report, Intermodal said that it was “another active week in terms of SnP has concluded in the dry bulk market with a diversified array of transactions recorded. Despite the correction in dry trade freight rates, there is still ample purchasing appetite displayed from interested parties, while vessel values – more or less – remain stable”.

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Pandemic Has an Unexpected “Silver Lining” for Ship Owners Financing-Wise

20.08.2020

Ship owners appear to have benefited from lower interest rates, when it comes to financing new deals.In its latest weekly report, shipbroker Intermodal said that “since the Covid-19 outbreak, governments and central banks around the globe have been using their ammunition and stimulus packages to keep their economies running.

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