Despite the positive long term fundamentals, as a result of the dry bulk fleet’s record low orderbook, in the short-term, the market seems to be under pressure. In its latest weekly report, shipbroker Xclusiv said that “the first week of July has come …
Dry Bulk Market Under Pressure Read More »
The second week of July has witnessed a sustained decline in crude tanker freight rates, which is further compounded by the challenges posed by the summer season on the market. Particularly, Chinese oil demand from the United States has significantly d…
The latest industry analysis from Xeneta shows that CO2 emissions from the container industry fell during the first quarter of 2023 across 10 of the world’s busiest 13 ocean freight lanes. According to the Carbon Emissions Index (CEI), a unique environ…
U.S. shipbuilder Philly Shipyard announced it has been awarded a contract to develop preliminary designs for vessels to replace the U.S. Navy’s two current Mercy-class hospital ships.The T-AH(X) Hospital Ship Feasibility Study contract was awarded by G…
Philly Shipyard Wins Contract for Hospital Ship Design Study Read More »
Canadian Labour Congress strongly opposes government involvement in negotiations
Canada dockers end strike after reaching tentative labour deal with employers Read More »