The head of German shipping firm Hapag-Lloyd, Rolf Habben Jansen, expects the next three years to be difficult because demand for shipping services is growing more slowly than available shipping capacity, he told the Welt am Sonntag newspaper.Despite t…
Hapag-Lloyd Expects Three Tough Years for Shipping Industry Read More »
The backlog of ships is growing at Israeli ports while operations continue at most terminals amid preparations by the military to launch a ground assault in the Hamas-controlled Gaza Strip, according to data and sources.Israel has vowed to annihilate…
Backlog at Israeli Ports Grows Read More »
Tanker and bulker prices have been rising since early September
Combined bulker and tanker sales strength pushes Baltic S&P index to 15-year high Read More »
Dirty freight rates showed mixed movement in September, OPEC said in its latest monthly report. Despite some strength seen in the second half of the month, VLCCs spot freight rates continued the decline from the peak seen in June. Rates on the Middle E…
Tanker Market Showed Mixed Movement Last Month Read More »
Overview The shipping industry is facing an increase in new regulations from the International Maritime Organization (IMO) and the European Union (EU) and an increase in the urgency to decarbonise. To support the industry, BIMCO has developed a new CII…
BIMCO adopts new CII clause for Voyage Charter Parties Read More »