- 1 June 2023Tanker Trade Shift Could Be Structural
The tanker market seems to be going through a structural change in cargo flows, with Russian oil now being, almost exclusively sold to China, India and Southeast Asia, while Europe’s imports have fall … - 1 June 2023Greek Shipping Loans Fell by 1.3% to $51.9 Billion in 2022
Petrofin Research© presents, for the 22nd year running, an overview and an in-depth analysis of the bank loan portfolios to Greek shipping, as of 31st December 2022. Petrofin wish to thank all partici … - 1 June 2023Crucial updates to the Guidelines on the Application of the ILO Maritime Labour Convention for the industry
The shipping industry is being urged to take notice of the latest amendments to the International Labour Organization (ILO) Maritime Labour Convention (MLC) detailed in a new publication update from t … - 31 May 2023Newbuilding Market Gaining Momentum
Newbuilding orders have kept growing, as owners are looking to book more berths, prior to them becoming unavailable. In its latest weekly report, shipbroker Allied said that it was “an active week in … - 31 May 2023Dry bulk Market: Demand to Grow by up to 2.5% in 2023 BIMCO says
We predict that global dry bulk demand will grow between 1.5% and 2.5% in 2023, and between 1% and 2% in 2024. Average haul is estimated to increase slightly, contributing between 0% and 1% tonne mile … - 31 May 2023DNV puts Recommended Practice on public hearing to drive transparency and accuracy on vessel technical performance
DNV is set to launch a Recommended Practice (RP) offering a new, accurate and transparent method for measuring, evaluating, and verifying the technical performance of ships in service. This RP is a di … - 30 May 2023Low Ship Sales, Trigger Demolition Market Firming
Prices in the ship recycling market have held firm over the past week, as supply has been slow. In its latest weekly report, shipbroker Allied said that “after recent declines, ship recycling prices h … - 30 May 2023IMO Sub-Committee on navigation, communications, search and rescue
The 10th session of the IMO’s Sub-Committee on Navigation, Communications, Search and Rescue (NCSR 10) was held from 10 to 19 May. NCSR 10 approved guidelines on the communication of emergency and saf … - 30 May 2023Using 3D models is a game-changer for ship design, but what does it mean in practice?
The use of 3D ‘digital twins’ for class approval represents a milestone in our ongoing focus on applying digitalisation to increase productivity and shorten the calendar time for ship design, writes J … - 29 May 2023Tankers: Is LNG the New Oil?
LNG shipping rates are headed for higher ground over the summer, as LNG demand is expected to keep growing. In its latest weekly report, shipbroker Intermodal said that “due to sluggish demand and mas … - 29 May 2023The Innovation To Drive A Cleaner Shipping Industry
As customers look to clean up their supply chains in the near term, ships that generate lower emissions are going to be in demand. New regulations have come into effect this year, with more on the hor … - 29 May 2023Drewry’s Crude Tanker Equity Index On the Rise
Drewry’s Crude Tanker Equity Index has been on an upward trajectory (YTD: up 7.4%) since the beginning of the year after surging 96.3% in 2022 on the back of favourable market fundamentals. However, t … - 28 May 2023Tanker Market Stands to Benefit from Canada’s Trans Mountain Extension project
The tanker market could be set to receive a positive boost, from an increase in cargo availability and ton-mile demand. In its latest weekly report, shipbroker Gibson said that “in a recent tanker mar … - 28 May 2023Dry Bulk Market: Capesizes Gain Ground
Capesize The capes started the week off at a relatively sluggish pace in both the Atlantic and Pacific regions. However, over the course of the week, there was a considerable uptick in the level of ac … - 28 May 2023The EU agrees on well-to-wake GHG limits to energy used on board ships from 2025
For ships trading in the EU, the EU’s legislative bodies have reached an agreement on the FuelEU Maritime regulation setting well-to-wake GHG emission intensity requirements on energy used on board fr … - 26 May 2023USA LNG Exports Gaining More Market Share in 2023
LNG exports from the USA have become a main source of cargo demand for LNG shipping, as the country even managed to become the no1 exporter during the first four months of 2023, edging out Australia a … - 26 May 2023Data standardisation could propel decarbonization
Shipping is missing a trick with its lack of data standardisation – and the biggest loser will be the planet, according to a paper from the Global Maritime Forum. World trade today is more than 30 tim … - 26 May 2023Wind propulsion: opportunities and new risks
Gard was founded in 1907 by shipowners who were unwilling to expose themselves, through a mutual insurance arrangement, to the perceived new risks of steam propulsion. Now the wheel is turning full ci … - 25 May 2023Prices for Dry Bulk Carriers Remain High, Amid Increased Demand
Prices for bulkers have remained high, despite the falling trend of the dry bulk market. In its latest weekly report, shipbroker Xclusiv said that “despite indices softening over the past few weeks dr … - 25 May 2023Container spot rates 32% up on 2019 despite weaker supply/demand balance
The Shanghai Containerized Freight Index and the China Containerized Freight Index have dropped by respectively 81% and 72% since January last year. Yet they remain higher than in 2019 despite a worse …
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