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Ship Owners Reap Major Fees in the Demolition Market

08.04.2021

The 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. 

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How COVID-19 has driven a technology revolution in shipping.

01.04.2021

Last 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?

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Scrap Prices Should Rise in Order To Attract More Tonnage Says Shipbroker

19.03.2021

An 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. 

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No Respite for Tanker Owners Until the Second Half of 2021

12.03.2021

All 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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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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