Oman Drydock Co set to realise its full potential
Busy Duqm-based yard awaits new dry dock and plans move into building small ships
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March 2021
ITF wants Aswan Shipping vessels banned from Australian waters
Union claims detention of two bulkers shows the company is a habitual offender of crew rights
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Higher Vessel Utilization a Given, After Suez Canal Blockade
Further disruptions and delays in the global supply chain are a given, after the closure of the Suez Canal since last Tuesday. For most ship owners though, this development is expected to further boost their bottom lines. In its latest weekly report, s…
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Dry Bulk Market: Capesize Market Softens With Low Activity in Both Basins
Capesize A more tempered week saw rates soften across all routes with low activity in both basins. Resilience and strong optimism still remains from Owners, yet the tailwinds from smaller classes turned to headwinds early in the week as market sentimen…
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Marine fuels: Hi-5 spread strength
Bunkering demand holds up relatively well While oil demand was significantly hit last year as a result of the Covid-19 pandemic, bunkering demand held up relatively well. IEA numbers show that bunkering fuel demand is estimated to have fallen by around…
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