Despite the challenging environment, under which the shipping industry must operate today, prospects for tankers and to a lesser degree bulkers, remain rosy. In its latest weekly report, shipbroker Intermodal said that “2023 has been a very challenging…
Shipping Market’s Prospects Look Rosier Despite Challenges Read More »
The Review of Maritime Transport 2023 urges swift action and system-wide collaboration to decarbonize maritime transport amid growing carbon emissions and regulatory uncertainty. UNCTAD has called for a “just and equitable transition” to a …
Throughout the last week of September, freight rates maintaining the strength observed in previous days. It appears that the third quarter will conclude with higher freight rates than those witnessed in the preceding two months. Notable increases were …
Average spot rates for smaller bulkers also push Baltic Dry Index upward
Baltic Dry Index hits 11-month high as capesize bulkers continue to soar Read More »
U.S. shipping company Crowley and classification society ABS have entered an agreement to jointly explore how to advance the use of augmented and virtual reality technologies for vessels and other marine environments.The ABS partnership agreement…
ABS, Crowley Advance Augmented Reality Technology Read More »