Investment in tanker newbuildings is surprisingly, quite robust so far in 2021, considering the sorry state of most tanker trades. In its latest weekly report, shipbroker Gibson said that “this year has seen an impressive surge in commodity prices. Ste…
Capesize The Capesize market staged a dramatic turnabout at weeks end after seeing several days of value eroded off each route in the market. Closing last week at $46,647 the market took losses down to $40,518 before surging +5021 on Friday to close th…
Dry Bulk Market: Capesizes Stage Strong Comeback Read More »
The phenomenon known as Parametric Rolling Movement (PRM) can cause a ship to roll at extreme angles of up to 30-40 degrees or more and may in extreme cases lead to capsizing of the vessel. PRM mainly affects modern container vessels and car carriers w…
Parametric Rolling Movement Read More »
Strong LPG trade, with India’s LPG imports a significant factor has helped propel LPG tanker companies forward, during the first half of the year. In its latest weekly report, shipbroker Banchero Costa said that “global LPG trade remained fairly positi…
Global Seaborne Imports Up By 5.5% During the First Seven Months of 2021 Read More »
As environmental concerns become increasingly pressing for governments and businesses alike, the shipping industry is taking steps to reduce its carbon footprint. In late August Danish shipping company Maersk, the world’s largest container shipping lin…
Can the global shipping industry chart a path to decarbonisation? Read More »