Looming economic uncertainty and the fallout from the war in Ukraine could upset buoyant conditions in container and tanker trades, cautions former International Chamber of Shipping (ICS) chairman Esben Poulsson.
A Suezmax tanker sale and reports of negotiations on big bulkers indicate that recyclers are moving on from a dull season and virtually no transactions.
Companies in the tanker market are enjoying much improved business this year and Lois Zabrocky, President and CEO of International Seaways, expects this to continue.
Tankers generally, but VLCCs in particular, will benefit spectacularly as Europe’s energy trades transform and the ban on Russian crude oil imports comes into effect in December.
Mitsui OSK Lines (MOL) has inked a long-term charter contract with ENN LNG (Singapore) Pte. Ltd., a wholly owned subsidiary of ENN Natural Gas headquartered in Langfang, China for three newbuilding LNG carriers.
What is the best way for investors to put a value on shipping stocks? At a time that the dynamics of listed companies are in a state of flux the question is an important one.