Prices offered by scrapyards for older tonnage is reaching new heights of late, tempting many owners into decommissioning the older ships of their fleet. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “with the after-effects o…
Demolition Market is Sizzling Hot Read More »
For European exporters looking to source shipping containers, existing shortages could deteriorate significantly in the coming weeks, according to the latest data from Container xChange, the world’s leading online platform for the leasing and trading o…
Container Prices Surge In Europe As Carriers Favour Loading Empties Read More »
Commodity markets were shaken over the weekend when news got out about the Chinese government warning “speculators” and “hoarders” in commodity markets about price fixing activities. But let’s be clear, the Chinese authori…
Baltic Dry Index to Push Through 4,000 points? Read More »
HSFO380 availability has tightened considerably in Fujairah, while Singapore’s lead times for all fuel grades are unchanged from last week. Singapore’s fuel oil inventories dropped by a further 5% last week to a seven-week low of 24.96 million bbls, ac…
ENGINE: East of Suez Bunker Fuel Availability Outlook Read More »
ABS members debated more than 400 changes to its rules during the Annual Marine and Offshore Technical Committee Meetings in May.Key areas for discussion included scantling refinements for containerships and gas carriers, flare tower vibrations and wat…
ABS Members Weigh Rule Changes for New Tech Read More »