The shipping industry displays divergent trends as dry bulk orders decline, tanker contracts surge, and the second-hand market experiences mixed activity. Dry bulk contracting, particularly in the Supra/Ultramax sectors, witnesses a sharp YoY drop, while tanker orders exceed last year's levels across all size segments. In the second-hand market, various vessel types change hands, from Capesize to smaller sizes, showcasing a range of transactions and prices. The S&P market reflects uncertainty, with dry bulk struggling and tankers, especially MRs, showing improved activity. The industry faces complexities in navigating fluctuating demand, vessel orders, and market directions.

SOURCE:GOOGLE