Dirty tanker spot freight rates fell back in May from the sharp gains seen during the previous month, OPEC said in its latest monthly report. Suezmax rates declined 37% m-o-m and Aframax fell 22% over the same period, as ample availability overwhelmed …
Tanker Market Retreated in May Read More »
The maritime industry must navigate a challenging course through digital transformation in pursuit of smarter, safer, more efficient and sustainable shipping. And, like any other journey, a detailed roadmap is needed to reach the destination. DNV has s…
Enabling transformation: DNV supports Grieg Star with digital roadmap for the future Read More »
A strong start for China in early 2022 has given way to weakening second half prospects, dented by multiple Covid-19 outbreaks that have dragged the economy of the trading powerhouse down. In its latest China report – Between Shocks and Stimulus …
Further weakening of China’s economy Read More »
The Ocean Shipping Reform Act of 2022 (the Act) was signed by President Biden on Thursday, June 16, 2022. The long term fixes, which require Federal Maritime Commission rule-making, establishes additional requirements requiring the FMC to issue rules r…
Ocean Shipping Reform Act of 2022: Long Term Fixes, But What’s in It for the Short Term? Read More »
Capesize spot rates saw the greatest gain, but it is difficult to predict whether they will keep rising, analysts say
Large bulkers find ‘floor’ as sentiment improves later in the week Read More »