Ship scrapping in the Asian sub-contentinent

Tankers have been off limits after a fatal explosion on the Suezmax tanker Aces killed 18 yard workers in November 2016.

APL chief executive officer Nicolas Sartini

The Singapore carrier’s CEO, Nicolas Sartini, ensures customers take top billing.

Baltic Moon, a refrigerated cargo ship

Reefer fleet scrapping picks up as owners seek to remove older vessels.

Pacific Basin CEO Mats Berglund

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.

Hong Kong skyline

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.

An Iranian oil tanker floats on the Caspian Sea

If Trump re-imposes sanctions on Iran, the fallout on shipping could be relatively muted.

Panama Canal

The main market segment transiting the neo-Panamax locks is container ships, followed by LPG carriers, LNG carriers, and bulkers.

New Izumo

As the market picks up, Thoresen Shipping Singapore and Taylor Maritime have continued to renew their fleets with the purchase of modern secondhand vessels.

South Trader bulker

Stronger freight rates are leading to more secondhand deals and rising interest in newbuildings.

BW Nantes

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.