The global seaborne coal trade is slowly showing signs of a recovery after a difficult 2020 and to a lesser extent first half of 2021. In a recent weekly note, shipbroker Banchero Costa said that “2020 proved to be a truly terrible year for global seab…
Global Seaborne Coal Trade Showing Early Signs of Recovery Read More »
The first half of 2021 saw 275 Cargo vessels sold for scrap, up 40% and 33% compared to 2020 and 2019, respectively. The 275 scrapped vessels have a combined DWT of 11.9 mil and a total scrap value of over USD 1 bil. 131 tankers were scrapped, accounti…
Demolition Activity Up 40% Versus 2020 Read More »
Throughout the first half of the year, talk of a new dry bulk super cycle has been on many lips as commodity prices have soared to multi-year highs. Freight rates and ship values have also risen but although they exceed prices seen during most of the 2…
Are we looking at the next dry bulk super cycle? Is it even a cycle? Read More »
Chairman Mark Richardson says shipping has a key role to play in reducing our impact on the planet
SSY joins broker carbon crush with new hire James Ash Read More »
Russian investigators were conducting searches at the Caspian Pipeline Consortium (CPC) after Saturday’s oil spill near the Black Sea port of Novorossiisk, the regional branch of the investigative committee said on Thursday.Russia opened a criminal inv…
Russian Investigators Search CPC After Black Sea Oil Spill Read More »