- 20 November 2024Ship Recycling Market Looking for Catalysts
The ship recycling market is looking for additional catalysts to pick up pace. In its latest weekly report, Best Oasis (www.best-oasis.com), one of the leading cash buyer of ships globally said that “ … - 20 November 2024The importance of an FFA market in today’s volatile shipping freight market
In today’s volatile shipping market, particularly amid unpredictable global conditions and geopolitical events, Forward Freight Agreements (FFAs) play a crucial role in stabilising and managing risk. … - 20 November 2024Ballast water record-keeping and reporting requirements – Upcoming changes
The new guidance on ballast water (BW) record-keeping and reporting, adopted in Circular BWM.2/Circ.80, aims to assist ship crews by clarifying the record-keeping and reporting process under the BWM C … - 19 November 2024More Newbuilding Activity the Norm
Increased levels of newbuilding contracting activity seem to be the norm during 2024 and last week was no exception. In its latest weekly report, shipbroker Banchero Costa said that “the newbuild tank … - 19 November 2024Record volumes and capacity from Far East to South America East Coast – understanding the impact of shifts in global trade
Massive shifts in global trading patterns in 2024 have made the task of managing and optimizing supply chains even more complex. This is perfectly demonstrated on the trade from the Far East to South … - 19 November 2024Maritime safety: Council adopts new laws to support safe, clean and modern shipping in the EU
To support clean, safer, and modern shipping in the EU, today the Council adopted four new pieces of legislation of the so-called ‘maritime safety’ legislative package, namely those amending the relev … - 18 November 2024Container Shipping Riding High Ahead of Holiday Season
The container shipping market appears to be set for a fruitful period ahead. In its latest weekly report, shipbroker Intermodal said that “building on the strong performance observed over the summer, … - 18 November 2024Four charts that look at the highs and lows of maritime decarbonization
The UN Climate Change Conference (COP 29) is currently being held in Baku, Azerbaijan, and delegates are meeting to try and find solutions to tackling climate change. With 80-90% of global trade by … - 18 November 2024Carbon capture: 17 facts that smart marine professionals should know
Are you looking for a way to reduce vessel emissions today, while still operating on conventional fuels? Onboard carbon capture and storage could help you do just that. Here are 17 interesting facts a … - 17 November 2024Tankers: China’s Crude Imports Muddle Market Dynamics
Tanker market dynamics are being muddled by a seeming shift in China’s crude oil import patterns. In its latest weekly report, shipbroker Gibson said that “lacklustre oil demand from China has been a … - 17 November 2024Dry Bulk Market: Capesizes Show Strong Positive Momentum
Capesize The Capesize market showed a strong overall performance this week, with the Baltic 5TC gaining momentum and rising significantly from Monday’s $20,872 to end the week at $26,777. Early week e … - 17 November 2024Pioneering sustainable technologies in bulk
Nikolaos Apodiakos represents the third generation of bulk carrier owner, Victoria Steamship Co. Ltd, which was set up by his grandfather in London in 1946. Today, as agents for ship management compan … - 15 November 2024Tankers: A Strong October
The tanker market showed signs of strength during the month of October, OPEC said in its latest monthly report. Dirty spot freight rates rose across the board due to a strong start to the month before … - 15 November 2024KYC more important than ever in shipping
The recent political shift in the US has brought renewed focus on the evolving sanctions landscape, particularly for the maritime industry. The increasing complexity of compliance requirements, the ch … - 15 November 2024Alternative fuels: the key to lowering shipping emissions
In recent years, disruption to Red Sea shipping routes and global sanctions have forced ships to take longer routes, increasing emissions in the first half of 2024 by six per cent compared to the prev … - 14 November 2024Chinese Shipyards Gain Even More Market Share
Chinese shipyards have attracted significantly more business during 2024. In its latest weekly report, shipbroker Xclusiv said that Chinese yards have “experienced a 17% y-o-y surge in new orders acro … - 14 November 2024Signal: Potential implications on the freight industry following 2024 U.S Election
The potential implications of the new 2024 U.S. election and the resulting presidential administration on the freight industry are substantial, particularly across the agricultural and energy shipping … - 14 November 2024Stakeholders Across Maritime Value Chain Align to Accelerate Adoption of Zero-Emission Fuels by 2030 for a Sustainable Shipping Future
More than 50 leaders across the spectrum of the shipping value chain — e-fuel producers, vessel and cargo owners, ports, and equipment manufacturers — signed a Call to Action today at COP 29 to accele … - 13 November 2024Ship Recycling Could Gain Momentum as 2024 Approaches its Closure
Ship recycling activity could post an increase during the final weeks of 2024, with more buying activity on the horizon. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash bu … - 13 November 2024Coal shipments to advanced economies heading for a 15-year low
“During the first 10 months of 2024, coal shipments to advanced economies fell 6% y/y. Import demand weakened, particularly in Europe, where it fell 22% y/y as countries continued to decarbonise their …
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