Indonesia’s Pertamina was one of only two Asian shipowners to sell tanker tonnage for recycling over the past week
Fire-damaged FSO to hit the breakers’ beach as scrap market remains nearly dead Read More »
Italian bunker company now has 80% of $45m newbuilding cost covered by loan and EU grant
Fratelli Cosulich seals $29.2m loan to part-fund LNG bunker tanker Read More »
The use of biofuel blends in the shipping industry could become the norm in the following years, as they seem to make a lot of sense, as a stop-gap solution, until fossil fuel alternatives are available at a larger scale. In its latest weekly report, s…
Biofuels Use in the Shipping Industry Could Soon Gain Traction Read More »
Capesize The past week has had a negative trend overall, but closed up by the end. The average of the 5 Capesize time charter routes closed the week at $11,139, slipping $2,713 week-on week. The Brazil to Qingdao trade appeared to be very date specific…
Dry Bulk Market: Capesize Market Slipped Further This Week Read More »
Container terminals depend on carrier calls to generate business, which can vary according to market developments and liner network changes, which have been highly volatile of late. Hence, gaining carrier commitment, ideally through investment, is seen…
Carrier commitment key to success for container terminal investments Read More »