Low steel demand, continued yard disruptions and a large number of scrapping candidates are all pressuring recycle rates

Belgian owner declares notice from Argentinian charterer ‘unlawful’

Bulker listings fare worse than tankers despite divergence in hire rates

Mining giant is now seeking fewer newbuildings on shorter charters

Atlantic basin activity also pushed rates upward

US cargo cancellations for August stack up at half of export capacity but Qatar is keeping its volumes flowing

The change comes as tens of thousands of seafarers are trapped aboard their ships

The three vessels were built three decades ago

A steady stream of reported fixtures has further buoyed sentiment in the forward freight agreement market