As deals continue to be concluded into Alang, the Indian ship recycling sector remains on a positive footing overall, with Pakistan and (especially) Bangladesh still lagging behind, reports cash buyer GMS.Despite steel plate prices coming off…
GMS: Pakistan and Bangladesh Lagging Behind Alang Read More »
After the latest events in Israel and Gaza, the tanker market has been largely unaffected. However, as the crisis looks to be escalating, so can its impact on shipping. In its latest weekly report, shipbroker Gibson said that last weekend, “the world w…
Tankers: Business as Usual? Read More »
For all the criticism and discussion around MEPC 80 this year, the IMO’s landmark environmental committee has given us one thing: the commitment to achieve net-zero emissions by around 2050 creates a clear sense of direction for an industry often criti…
Capesizes Closing at $27,591 the Capesize TC average maintained similar levels week-on-week, however large gains were seen on Monday when the spot rate climbed close to $29,000, but neither Atlantic nor Pacific basin was lending much of the support by …
Dry Bulk Market: Capesizes Keep Going Strong Read More »
Russia has hit six civilian ships, 150 port and grain facilities and destroyed over 300,000 tonnes of grain since Moscow quit a deal allowing safe Black Sea exports of Ukrainian grain, the Kyiv government said on Friday.In a statement, it said…
Russia Has Hit Six Ships Since Deal Failed – Kyiv Read More »