SHIP DEMOLITION STILL STAGNANT The ship recycling market has remained stagnant over the past week. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships, said that “the global ship recycling market remained largely stagnant this week, with limited activity across key regions. In India, conditions were unchanged, with persistent liquidity […]
Category Archives: Marine News EN
20
May
May
GLOBAL SHIPPING INDUSTRY IN MID-CYCLE TRANSITION The current market conditions in the global shipping industry resemble the mid-cycle transition seen in previous shipping cycles – a phase where the market appears stable on the surface, but underlying pressures are quietly building. That’s the central message of a new white paper from Veson Nautical, a global […]
17
May
May
INDIA’S RUSSIAN OIL IMPORTS HIT 10-MONTH HIGH ON STRONG DEMAND FOR ESPO CRUDE India’s Russian crude oil imports will hit close to 1.8 million barrels per day in May, the highest in 10 months, ship tracking data from Kpler showed, after refiners snapped up more light grades such as ESPO Blend. The robust demand for […]
