Ετικέτα: fleet renewal

  • The Shipping Almanac

    Dry Bulk Newbuild Orders Collapse Amid Market Uncertainty

    A Drastic Slowdown in Contracting Signals Caution Among Shipowners The dry bulk sector is experiencing a sharp decline in newbuilding activity, with contracting levels plummeting 70% below the annual average in recent months. This slowdown reflects the challenges shipowners face amid falling freight rates, economic uncertainty, and hesitation over future fuel choices. In October 2024, […]

  • The Shipping Almanac

    Tanker Fleet Expansion in 2025: Growth or Imbalance?

    The product tanker market is set for a significant shake-up in 2025, with newbuild deliveries projected to surge to 12 million deadweight tonnes (DWT). This marks a staggering 256% increase from the 3.4 million DWT delivered in 2024, reaching a 16-year high and the second-highest level on record. While this influx of new tonnage suggests […]

  • The Shipping Almanac

    Tanker Market in Turmoil: Shrinking Newbuilds, Aging Ships, and an Uncertain Future

    The crude oil tanker industry is undergoing a structural shift, marked by a dramatic contraction in newbuild deliveries and an increasingly aging fleet. With only 17 crude tankers (2.5 million DWT) delivered in 2024—the lowest in 36 years—the fleet has grown by a mere 0.2%, making it the slowest expansion in over two decades. Meanwhile, […]