The dry bulk market is expected to remain in transitionary mode for longer than initially expected, if the existing FFA rates are of any indication. In its latest weekly report, shipbroker Allied Shipbroking said that “less than one month prior to the …
Dry Bulk Market To Remain in Transit Mode for Quite Some Time, Analyst Claims Read More »
The ocean freight rates landscape in the Far East has been completely redrawn since the start of the year, with spot rates plummeting by an average of 75% across the six major trading lanes. By comparison, long-term rates are proving more resilient, wi…
WHAT IS CII? The new International Maritime Organisation’s (“IMO’s”) Carbon Intensity Indicator (“CII”) certification will capture a wide range of ship types above 5,000 GT. The CII certification regime forms part of the amendments made under the Inter…
BIMCO CII clause finally released: does it make any sense of CCI? Read More »
Turkey’s maritime authority said on Thursday it would continue to block the passage of oil tankers that don’t carry appropriate insurance letters, adding that insurance checks on ships in its waters were a “routine procedure”.The logjam is creating…
Why Are Oil Tankers Stuck in Turkish Waters? Read More »
Turkish businessman is accused of running network that helped Iran sell oil and buy ships
US blacklists Erdogan confidant on allegations of arranging oil shipments for Iran Read More »