Overview Heading into March 2020 the recycling market had made significant ground and was looking strong. However, the COVID-19 pandemic hit hard and fast, crashing local steel plate prices and forcing tight restrictions, which in turn, for the first time led to yard lockdowns. The first 8 weeks of 2020 saw 67 vessels scrapped, this …

Bulkers Value Analysis The COVID-19 pandemic has had a dramatic effect on the Bulker sector causing a deterioration in rates, values and number of second-hand transactions.  Capesize Bulkers have been the worst affected, primarily as China is the major epicentre of Capesize trade. In the early part of the year, imports into China were near historical lows …

Being successful in the shipping markets is a never ending, complicated and risky challenge. Owners, investors, lenders, charterers and traders financially thrive or suffer by the quality of their decisions. Amazon CEO, Jeff Bezos, has openly stated that he aims to only make three good decisions in a day. Further to that, these decisions should …

Offshore industry: The game is rigged

Whether you are involved in shipping or not, the city state of Singapore makes it hard to ignore. If you happen to find yourself in one of the city’s many sea view establishments or simply indulging in some R&R at the beach on the weekend, shipping is an obvious ever-present part of Singapore’s landscape. The …

Overview Uncertainties surrounding the coronavirus outbreak, the trade war and volatility in oil prices are governing business decisions being made in 2020. Shipyard demand will likely encounter a further blow given the vast disruptions to economic growth and trade globally and delays to scrubber retrofits have already been seen and are expected to continue. Containment …

So far, 2020 has been a particularly challenging year for the Containership sector, which has been rattled by lengthy port delays and record numbers of idle vessels since January. Alongside many other sectors, Containerships have felt the brunt of COVID-19, with operational limitations and reduced demand for goods from China, but things are beginning to …