The fact that the fleet of Greek shipowners has increased since the beginning of the year is highlighted on today’s front page by the Turkish fanatically pro-government newspaper Yeni Şafak. Yeni Şafak’s front page headlined “All free for Athens” With the propaganda headline “Everything is free for Athens: Greece bought 183 ships for Russian oil”, […]
Tag: cargo ships
A blow to cargo ships is the sharp decline in steel demand from China
Her Anastasia Vamvaka China’s steep decline in steel demand and falling metal prices put capesize ship owners at risk. China, the world’s largest steel market, has seen a sharp sell-off in the last 10 days, and steelmakers are increasingly trying to idle steel plants as their profit margins fall, with steel prices falling to 2020 […]
Freight market: New historical record in trucks
By Anastasia Vamvaka An impressive increase has been recorded in recent weeks in the freight market of cargo ships despite the increase in inflation. The BCI index, which provides information on future developments in production, orders and inventories of finished products in the industry, increased by 85% in the last month and almost 460% from […]
At 1.8 billion, the shipowners’ investments in trucks and tankers
of Anastasia Vamvaka Greek shipowners in the first quarter of 2022 seem to be investing in both cargo ships – traditional sector – and tankers now that their shipping market is loss-making and prices are low, expecting to rise after 20 months of crisis. According to VesselsValue, since the beginning of the year, domestic shipping […]
Investment Rally on Used Ships: The Costamare Deal and the τη Mysterious Buyer
Of George Georgiou The prices of used bulk carriers are falling from the record levels of the previous months, in line with the correction finally recorded by the freight market, a fact that further strengthens the buying interest in a “hot” sector in deals. Analysis of the VesselsValue data house indicates that during November, reductions […]