Shipowners propose global carbon levy
The International Chamber of Shipping and Intercargo have proposed a global carbon levy, but have not set a price for…
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September 2021
Climate Change Could Help Tanker Market With Short-Term Freight Rate Boost
The tanker market could keep receiving short-term boosts, as a result of climate change. In its latest weekly report, shipbroker Gibson said that “as hurricanes and storms become increasingly more severe due to climate change and warming sea temperatur…
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Dry Bulk Market Goes From Strength to Strength
Capesize The Capesize market crested over the past week as the 5TC retracted $4452 since last Friday to close out at $46,647. The north Atlantic basin, largely inactive over the past several months, has surged since mid-August settling today at $52,099…
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Carbon and Steel Walk into a Bar
It’s an age-old joke that has brought resentment from horses and word play aficionados alike, but to a certain extent it’s useful in expressing what has been going on in a couple of markets. Carbon emissions and steel walk into a bar. The barman looks …
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Divers to Try to Locate Oil Spill Source in U.S. Gulf of Mexico
A private dive team will try to locate the source of a suspected oil spill spotted in the Bay Marchand area of the Gulf of Mexico on Sunday, after Hurricane Ida wreaked havoc in the region this week, the U.S. Coast Guard said on Saturday.U.S.
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