The tanker market continued its upward trend during the month of November, OPEC said in its monthly report, issued this week. Dirty freight rates continued to move higher in November, with strong gains on all monitored routes. Aframax rates saw the str…
OPEC: Tanker Rates Moved Higher in November Read More »
Capesize values have continued to soften. Values for ten year old vessels of 180,000 DWT are down by c.13% since the start of the year, from USD 33.07 mil to USD 28.82 mil. The continued fall in values comes as Bulker earnings remain under pressure, an…
Capesize values continue to soften Read More »
2022 was supposed to be the year of post-pandemic and post-lockdown re-openings, but – as ING’s global head of macro, Carsten Brzeski, says – it became the year of war, inflation, energy and commodity price crises, drought and floods. “The list o…
Ever-lengthening list of ‘unprecedented crises’ Read More »
The Water Resources Development Act (WRDA) of 2022 on Thursday passed in the Senate by a vote of 83-11. It was included as part of the FY23 National Defense Authorization Act (NDAA). The bill, which passed in the House of Representatives on December 8…
WRDA 2022 Heads to Biden’s Desk for Signature Read More »
UN shipping regulator moves closer to carbon levy and more ambitious greenhouse gas target
‘Finally happening’: IMO makes progress in teeing up historic carbon decisions in July Read More »