With a rebound proving to be elusive in the VLCC tanker segment, it seems that all prospects for the realization of such a recovery hinge on older units being sold for scrap. In its latest weekly report, shipbroker Gibson pointed out that “robust scrapping activity has been one of the key features...
Hellenic Shipping News
Piraeus, where the maritime Silk Road meets land
The port of Piraeus in Greece, the largest of its kind in the eastern Mediterranean Sea, is a major terminal for vessels traveling from Asia to Europe. Chinese company COSCO SHIPPING built the harbor, a key station that links maritime and land transport routes. “We consider the Piraeus terminals a...
https://www.hellenicshippingnews.com/piraeus-where-the-maritime-silk-road-meets-land/
Macroeconomic and Political Tensions Preventing Shipping’s Further Rebound
Dry bulk freight rates could be even higher than they now, as a result of increasing trade tensions and political instability around the world. In a recent weekly note, shipbroker Intermodal said that “a recovery in the shipping market since last year has buoyed optimism amongst the people in the...