BIMCO Search Results

Results for:Ore

Showing 51 - 60 of 817

Filter by area
Filter by location
Filter by content

Dry bulk and tanker newbuild contracts 20% higher than 2016

23 June 2017

BIMCO expected newbuild activity to pick up, so the recent development is not surprising. It is however not what the industries needs.  As the dry bulk -, crude oil - and oil product tanker shipping sectors are all struggling with very low freight rates, it is important that the recent development in contracting activity reflects a short-term trend.

The vintage converted VLOC's still make economic sense

09 June 2017

There are few purely economic incentives to demolish VLOC’s converted from VLCC’s, as they have secured freight rates and employment on long-term time charter contracts a long time ago. There is also no incentive to sell your ship for immediate profit, as the value of a converted VLOC currently in service, is the same in the secondhand market as the demolition market.