Ship Owners Are Stocking Up on New Ships

Tue, 29 Jun 2021 21:00:59 +0000 Newbuildings and ships acquired in the S&P market are in high demand these past few weeks, with many owners looking to stock up ahead of an expected strong rebound in world trade growth. According to the latest weekly report from...

ENGINE: Global Fuel Availability Outlook

Thu, 01 Jul 2021 21:00:43 +0000 Lead times for Singapore’ VLSFO are longer by one day, while Fujairah is seeing better bunker fuel availability. Gibraltar, Rotterdam and Fujairah remain well supplied. Singapore’s total fuel oil stocks have risen to 50.49 million bbls...

Ships’ Recycling Market Heating Up

Wed, 30 Jun 2021 21:00:59 +0000 The demolition market remains rather lively, as more tonnage has been sold for scrap. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “after last week’s further strengthening in price levels, some in the...