A slight reduction was clear in the S&P market this past week, as Easter Holidays and Spring Break festivities were in full motion. In its latest weekly report, shipbroker Allied Shipbroking said that “on the dry bulk side, the overall activity mom…
Fewer Deals Were Concluded Last Week in the S&P Market Read More »
While the COVID-19 pandemic has had a devastating impact on society and many national and local economies, it has – alongside the recent incident in the Suez Canal – also served to highlight the fundamental importance of the maritime indust…
How the maritime sector can make smart ports a reality for all Read More »
The industry can see the bright light at the end of the COVID-19 tunnel. The progress being made in tackling the pandemic continued to drive up confidence. This generally positive outlook is broadly present in all business types and across regions.Over…
BDO: Shipowners’ Confidence Rises as Pandemic Nears the End Read More »
Supply of bunker fuels remains tight across most East of Suez ports, with lead times for VLSFO stems in Singapore stretching up to 11 days this week. Singapore’s residual fuel oil stocks grew by 4% to 23.17 million bbls, reaching their highest levels s…
ENGINE: East of Suez Bunker Fuel Availability Outlook Read More »
An Iranian cargo ship has come under attack in the Red Sea, Al Arabiya TV reported on Tuesday, quoting unnamed sources, and semi-official Iranian news agency Tasnim said the vessel was targeted by a limpet mine.Al Arabiya cited the sources as…
Iranian Cargo Ship Attacked in the Red Sea Read More »