The tanker market’s structural shift is still not complete. In its latest weekly report, shipbroker Allied said that “with the recently announced crude oil production output cuts from OPEC+ now ready to take effect, the markets seem set for a major bra…
Tankers: Full Effect of Ban on Russian Oil To be Felt From 2023 Onwards Read More »
Amendments to the International Convention for the Prevention of Pollution from Ships (MARPOL) Annex VI enter into force on 1 November 2022. Developed under the framework of the Initial IMO Strategy on Reduction of GHG Emissions from Ships agreed in 20…
Rules on ship carbon intensity and rating system enter into force Read More »
The past month was, in essence, a continuation of the developments which had already been underway for several months. Rates in the spot markets continued to decline sharply, most severely in the Asia to US West Coast market where the levels are now ra…
Containers: Continued downwards trend Read More »
Numbers cool slightly from second quarter and year ago, but Connecticut owner still solidly profitable
Eagle Bulk logs 46% BSI premium while buying back $10m in converts Read More »
Florida tanker owner back in the black with a $13.2m profit for the third quarter
OSG flips to profit as American Shipping Co trio set to leave fleet Read More »