Uncertainties remain about which fuel types will be developed to meet global emission reduction targets, which is dimming newbuilding enthusiasm

The US-listed bulk carrier owner has been clearing out middle-aged and older panamaxes from its fleet, having divested six vessels last year. The company is taking a more defensive posture. It will use proceeds of sales to bolster reserves or repay debt as it girds itself against the effects of the coronavirus backdrop

Evangelos Marinakis’ Capital Maritime group is understood to be acquiring the ships privately, while Nasdaq-listed affiliate Capital Product Partners, which controls a fleet of larger neo panamax boxships, continues eyeing up opportunities of its own

The company's chief Robert Macleod expects tanker rates to rise once oil demand returns. He also noted that a low orderbook to fleet ratio and scrapping of older vessels would support the market

The five ships, built in China in 2016 and 2017, will replace those that will be retired by the company in the coming years, its president Lucas Vos said. No financial details of the transaction were disclosed

The company, part of Idan Ofer’s empire, has sold four bulkers this month for a total of $35.95m, according to VesselsValue, an online data provider 

Asian demand for LPG is normalising, which, combined with low US prices, is leading to an improving arbitrage, says Avance Gas. Combined with that, low fleet capacity is resulting in higher freight rates, but volatility will persist

Since June 2019, the switch in focus has seen the Greece-based company sell its four remaining boxships for $53.4m, while the tankers have been acquired for an aggregate price of $112m

Danish company Torm is looking to replace its vessels when the time is right as part of its fleet renewal strategy. With the freight market coming off the peaks earlier in the year, asset prices should follow, according to the company’s executive director Jacob Meldgaard