The Pacific Island nations warns that not supporting a resolution would hurt IMO progress on decarbonisation
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Solomon Islands urge IMO to support net zero target in 2050 this week Read More »
US dollar has been strengthening against the Japanese yen and depreciating against the Chinese yuan
Currency shifts sharpen competitive edge of Japan’s bulk carrier yards Read More »
Major changes are underway, as shipping needs to pick up the pace regarding its efforts to lower emissions from ships. In its latest weekly report, shipbroker Gibson said that “as dust settles on COP26, it is time to reflect on what has actually been a…
Shipping Expected to Do its Part to Reduce Emissions Read More »
Capesize The Capesize market closed out a generally underwhelming week with positive sentiment and an uptick in the final days with the 5TC lifting +2905 to settle at $29,938. Rates are down week on week and the routes appear to now be oscillating in a…
Dry Bulk Market: Capesizes End the Week on a High Read More »
On 11 November Hafnia Limited (Hafnia) announced that it will acquire Chemical Tankers Inc. (CTI) in an all-stock transaction. Hafnia will acquire all outstanding shares in CTI and in exchange CTI’s shareholders will receive shares in Hafnia representi…