Cargo volumes in Red Sea area drop 21% due to attacks on ships

Tue, 27 Feb 2024 22:00:57 +0000 During the first seven weeks of 2024, cargo volumes to and from ports in the Gulf of Aden and Red Sea declined 21% y/y. The number of ships arriving in these ports significantly declined as merchant shipping increasingly avoided...

Ship Recycling Prices Moving Higher, as Lack of Tonnage Still Evident

Wed, 28 Feb 2024 22:00:59 +0000 Ship recycling prices have reached higher grounds, as a result of persistent lack of vessels on offer. In its latest weekly report, Best Oasis (www.best-oasis.com), among the leading cash buyers of ships, said that “over the past week,...

Bulkers’ Second Hand Vessel Prices on the Rise

Thu, 22 Feb 2024 22:00:59 +0000 With Capesizes leading the way, prices for second-hand bulkers have been rising steadily over the past few months. In its latest weekly report, shipbroker Xclusiv said that “since early October 2023, dry bulk second hand prices have...