Introduction   After 2021’s high S&P activity levels, 2022 was a more muted year. 2021 saw Bulkers and Containers take the spotlight, while 2022 had been the year of the Tanker. All sectors have appreciated in value, particularly for older tonnage where 20 year old vessels have increased in value by as much as c.142% in …

Introduction 2022 was another strong year for Gas and Container orders, but overall, 2022 orders fell short of the record breaking numbers seen in 2021. The number of newbuilding orders for 2022 reflected global geopolitical concerns, as well as an increasingly prominent green agenda. The shift to cleaner energy sources, energy security concerns, and the …

Introduction Tankers dominated the demolition market this year, accounting for approximately 43% of all cargo vessels scrapped. In comparison, the number of Bulkers scrapped was low, with 48 vessels accounting for 38% of the scrapped fleet, LPG vessels scrapped totalled 11% while the number of Container vessels sold for demolition accounted for only 7%, and …