Tankers: Are VLCCs Overpriced?

Sun, 12 May 2024 21:00:59 +0000 The price for a modern VLCC has been hovering near record levels over the past few months.In its latest weekly report, shipbroker Gibson said that “VLCC asset prices appear to be caught in a paradoxical market scenario. While...

Container ship deliveries hit new YTD record of 1m TEU

Wed, 08 May 2024 21:00:58 +0000 In 2023, 2.3 million TEU of container ship capacity was delivered, beating the former all-time high by 37%. Year-to-date another record has been set as more than 1 million TEU has already been delivered during the first four months of...

Ship Recycling Market Picking Up the Pace

Tue, 07 May 2024 21:00:59 +0000 The ship recycling has been on a rise last week, with India as the standout performer. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships, said that “India’s ship recycling market is...