• 23 February 2024Tankers Market: India a Major Player for Seaborne Crude Oil Tanker Trade
    The crude tanker market has been reshaped as a result of India’s emergence as a major destination for Russian crude. In its latest weekly report, shipbroker Banchero Costa said that “2023 has been ano …
  • 23 February 2024Urgent need for newbuild tanker orders
    High freight rates and robust global demand for oil and its derivatives are putting tanker owners in a great mood and consequently, after a notable uptick in 2023, the surge in tanker newbuild activit …
  • 23 February 2024Unprecedented shipping disruptions raise risk to global trade, UNCTAD warns
    Recent attacks on commercial vessels in the Red Sea have severely affected shipping through the Suez Canal, adding to existing geopolitical and climate-related challenges facing global trade and suppl …
  • 22 February 2024Bulkers’ Second Hand Vessel Prices on the Rise
    With Capesizes leading the way, prices for second-hand bulkers have been rising steadily over the past few months. In its latest weekly report, shipbroker Xclusiv said that “since early October 2023, …
  • 22 February 2024Suezmax dirty tonne days from AG to Med/UK Continent
    In the final days of February, the VLCC MEG-China route attracted market attention as rates appeared to peak suddenly in mid-February before subsequently retracting to weaker levels. It remains uncert …
  • 22 February 2024Russian coal shipments fall 14% as sanctions bite
    During the first seven weeks of 2024, Russian coal shipments have fallen 14% y/y. Volumes have gradually declined since October 2023 when logistical challenges started to emerge. Two years after the s …
  • 21 February 2024Deals for Newbuildings and Second Hand Vessels Picking Up
    Shipbrokers’ reports this week have been flooded with more deals in both the newbuilding and S&P markets. In its latest weekly report, shipbroker Allied Shipbroking said that “this week brings few …
  • 21 February 2024Australian coal flows to Asia hover above last year’s volume tonnes
    In the final days of February, the dry bulk freight market appeared to maintain a relatively stable momentum, particularly evident in the large vessel size categories where rates remained close to the …
  • 21 February 2024Global container equipment fleet growth picks up pace
    Growth in the global pool of shipping containers is picking up pace on rising trade prospects and slowing box productivity, as disruption in the Red Sea and Panama Canal lengthen voyage transit times, …
  • 20 February 2024Stagnation Dominated the Ship Recycling Market
    The ship recycling has remained unimpressive over the past week. In its latest weekly report, Best Oasis (www.best-oasis.com), one of the world’s leading cash buyer of ships, said that “the ship recyc …
  • 20 February 2024CII – Does it Matter?
    Ship CII ratings will be released imminently for their performance in 2023. However, with the low take-up of Bimco’s CII Time Charter Clause and with many in the industry questioning whether CII is tr …
  • 20 February 2024High waves, high claims: New study on container losses
    In a comprehensive new study, we delve into the impact of weather on container stack collapses. Our findings show the impact of progressively increasing wave height, the quantified risk of high waves, …
  • 19 February 2024Ammonia Trade Flows About to Blow Up
    Demand for seaborne transportation of ammonia is about to blow up in the coming years. In its latest weekly report, shipbroker Intermodal said that “traditionally used in fertilizer production and as …
  • 19 February 2024Emissions trading begins to bite
    Emission trading systems (ETS) are “cap and trade” schemes that permit the emission of greenhouse gases in exchange for allowances. They are just one part of the ever-expanding web of environmental me …
  • 19 February 2024How the extended EU Emissions Trading System will impact maritime transport and ports
    From 1 January this year, global shipping is now a part of the European Union’s Emissions Trading System (EU ETS), one of the Union’s main tools to curb greenhouse gas emissions. And whilst it is a si …
  • 18 February 2024The Case for Green Methanol in Reducing Shipping Emissions: Does it Merit Further Adoption?
    Green methanol has emerged as one of the leading solutions for reducing shipping emissions. However, despite its apparent benefits in reducing SOX and NOX emissions, it’s still not carbon-free, while …
  • 18 February 2024Dry Bulk Market on the Rise
    Capesize The week started on a subdued note as Asia observed Lunar New Year holidays, all three major mining companies active in the Pacific, contributing to an upbeat sentiment despite minimal activi …
  • 18 February 2024Strong outlook for the tanker market in 2024 and beyond
    Several factors have aligned over the past two years to create a robust and profitable market for tanker owners, which is expected to drive newbuild activity over the coming years. “Like everything el …
  • 16 February 2024Tanker Market Rose in January
    The tanker market rose during the first month of 2024, as a result of disruptions in trade flows, OPEC said in its latest monthly report. Dirty freight rates rose in January amid trade flow disruption …
  • 16 February 2024Spiralling ocean freight rates from the Far East to US may have peaked
    The Red Sea crisis sent ocean freight rates from the Far East to US spiralling by more than 150%, but there appears to be some relief on the horizon for shippers. The latest data released by Xeneta in …