- 21 October 2024Dry Bulk Trade Shifting Trade Routes
Dry bulk shipments are shifting trade routes, with various crop conditions around the world, making an impact. In its latest weekly report, shipbroker Intermodal said that “in examining global bulk sh … - 21 October 2024EU Emissions Trading System – What have we learned after nine months of operation?
European shipping and ships calling at EU ports became subject to the EU ETS in January 2024. Whilst much about the administration and operation of the scheme has become clearer in recent months, some … - 21 October 2024Exacting new sustainability rules: maritime industry’s time running out
The maritime industry is moving too slowly to come into compliance with rigorous new European sustainability regulations, which carry the threat of significant fines and even jail, leading environment … - 20 October 2024Tanker Returns Brings in More Investment in Newbuildings
An increase in returns has lured more ship owners into investing in the tanker sector, through newbuilding contracting. In its latest weekly report, shipbroker Gibson said that “investment in new tank … - 20 October 2024Investing in future ammonia markets
The ordering of more than 50 very large ammonia carriers (VLACs) over the past 12 months has caught the attention of the maritime industry. Whilst these orders suggest a market surge in the direction … - 20 October 2024Dry Bulk Shipping: Capesize Market Softened Last Week
Capesize This week began with optimism, particularly in the Pacific, which saw early strength, buoyed by improved demand from miners and fresh coal cargoes. However, the momentum quickly reversed as t … - 18 October 2024Tanker Market Improved in September
The tanker market showed improved performance during the month of September, according to OPEC’s latest monthly report. Dirty spot freight rates for VLCCs and Suezmax witnessed an improved performance … - 18 October 2024Shipping giants reinforce confidence in Gemini alliance service reliability ambitions
The two men leading Hapag-Lloyd and Maersk into the new Gemini Cooperation joined together on stage at the Xeneta Summit in Amsterdam yesterday to reinforce their confidence in the new alliance achiev … - 18 October 2024WTO raises 2024 trade forecast, but risks remain
The World Trade Organization (WTO) has slightly revised its forecast for global merchandise trade growth in 2024, predicting a 2.7% increase from the previous estimate of 2.6%. However, the organisati … - 17 October 2024Future Ship Supply Rising as Global Orderbook is Growing
A rise in global newbuilding ordering activity is expected to shift market dynamics in the future. In its latest weekly report, shipbroker Xclusiv said that “the global shipbuilding industry has witne … - 17 October 2024Crude oil flows AG – China
This week’s focus underscores a rise in the number of crude oil barrels transported from the Arabian Gulf countries to the Far East, amid ongoing tensions in the Middle East, with Saudi Arabia playing … - 17 October 2024LPG orders at a record high in 2024; will this momentum continue in 2025?
LPG shipping has been facing several headwinds, including an oversupplied market and muted growth in the LPG and olefin trades. However, new ordering in 2024 has maintained its momentum. Despite the c … - 16 October 2024Ship Recycling Market Lower Last Week
The shipbroker recycling market showed a slightly downward trend last week. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships said that “this week in the ship … - 16 October 2024Greek shipowners take US$18bn gas gamble: Shipping giants future-proofing portfolios by heavy investment in LNG and LPG vessels
Greek shipowners have spent an unprecedented US$18bn on newbuild gas vessels since 2021 as companies diversify their portfolios away from traditional tanker, bulker and container asset classes accordi … - 16 October 2024Dry Bulk Iron Ore Flows, Brazil Port Congestion, Market Rates
The Capesize market rates for the Brazil to North China route have softened, yet rising iron ore exports from Brazil, particularly after a strong third quarter, and increasing port congestion suggest … - 15 October 2024Strong Momentum in the S&P Market Continues
Demand for second hand ships, most notably bulkers, continued throughout the past week. In its latest weekly report, shipbroker Banchero Costa said that “during the week the Nord Virgo 82,000 dwt buil … - 15 October 2024Shipping invoicing is set for digital makeover
Digitalisation is sweeping all aspects of the maritime sector. From investment decisions to day-to-day operations, high-quality and reliable data is becoming a hallmark for shipping players as they lo … - 15 October 2024Better late than never
The widely used memorandum of agreement (MOA) for the sale of ships on BIMCO’s Norwegian Saleform (2012 version) (NSF 2012) provides that the buyer may cancel the MOA and recover its deposit if the se … - 14 October 2024Tanker Market and the Middle East: Upside Risk Could Come into Play
The ever ending tensions and crisis escalation in the Middle East, has the potential to create a new market structure for tankers, depending on the outcome. In its latest weekly report, shipbroker Int … - 14 October 2024Accelerated uptake of carbon capture unlocks shipping opportunity
To the uninitiated, the concept of carbon capture and storage (CCS) can be hard to understand, complex, and remote even though it has been used effectively in the US energy business since the 1970s an …
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