Tankers have been off limits after a fatal explosion on the Suezmax tanker Aces killed 18 yard workers in November 2016.
The Singapore carrier’s CEO, Nicolas Sartini, ensures customers take top billing.
Reefer fleet scrapping picks up as owners seek to remove older vessels.
US-China trade tensions will have a limited effect on the dry bulk market, predicts Pacific Basin CEO Mats Berglund, who expects improving fundamentals to outweigh any downside.
Concerns over a trade war have spooked the dry cargo markets, sparking a drop last week in the main dry bulk indices after China threatened to extend tariffs of a raft of US imports, including agricultural products such as soyabeans.
If Trump re-imposes sanctions on Iran, the fallout on shipping could be relatively muted.
The main market segment transiting the neo-Panamax locks is container ships, followed by LPG carriers, LNG carriers, and bulkers.
As the market picks up, Thoresen Shipping Singapore and Taylor Maritime have continued to renew their fleets with the purchase of modern secondhand vessels.
Stronger freight rates are leading to more secondhand deals and rising interest in newbuildings.
South Korea and India have emerged as the world’s second- and third-largest ammonia importers, behind China, prompting a surge in demand for mid-sized and large LPG carriers.