Ship Owners Turn to Second Hand Ships

Ship Owners Turn to Second Hand Ships
Shipping investment activity was much more evident in the S&P market over the past week, rather than the newbuilding segment. In its latest weekly report, shipbroker Banchero Costa said that “in the Panamax segment, Vietnamese interests were behind the purchase of...
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HSFO discounts widen while contango deepens

HSFO discounts widen while contango deepens
Asia’s high sulphur fuel oil (HSFO) spot market widened on discounts on Monday, while the market structure deepened on contango for the prompt months. Singapore 380-cst HSFO cash differential was pegged at a discount wider than $7 a metric ton, while the intermonth...
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