According to Clarksons Research1 (https://clarksonsresearch.wordpress.com/tag/opex/), spares and maintenance costs in the shipping industry have been steadily on the rise and can constitute approximately 18% of a vessel’s Operating Expenses (OPEX). Cos…
Capesize The Capesize market suffered a technical correction this week, with the timecharter average shedding $1792 to close at $16,252. Whilst the catalyst was not isolated to one loading area, the C5 West Australia round rapidly traded lower on Thurs…
Dry Bulk Market: Correction Mode Evident This Week Read More »
Robert Abela. the prime minister of Malta, has said in a television interview the worsening situation on board the Maersk…
Malta says plight of Maersk vessel is `Danish problem' Read More »
Japan’s coastguard suspended its search on Saturday for 41 crew still missing from a cattle ship in the East China…
Storm halts search for missing crew off Japan Read More »
The authorities in Sri Lanka said there is no immediate risk of an oil spill from the Greek-owned vessel following…
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Sri Lanka says `no risk' of oil spill from burning VLCC Read More »
