Biden administration pumps $650m into US port upgrades
Awards include funding for 26 small ports to improve and expand their capacity
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November 2023
ETS: A “Headache” Over Who Pays
The shipping industry is already in the process of entering a new era, through its inclusion in the EU’s Emissions Trading Scheme. However, issues over who’s liable for the added costs remain. In its latest weekly report, shipbroker Gibson said that “i…
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Dry Bulk Market: Challenging Week for Capesizes
Capesize The capesize market started the week on a sluggish note with the PPA conference in Perth creating a quieter atmosphere, leading to reduced trading volumes in the Pacific and a softening of rates. Despite some stabilisation in conditions midwee…
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Xeneta Shipping Index (XSI®) October 2023: Upturn in the long-term ocean freight shipping market proves to be a false dawn
Any hopes of a revival in long-term ocean freight shipping rates were short-lived after the latest data from Oslo’s Xeneta indicated the market is once again in decline. In September, the Xeneta Shipping Index (XSI®), which tracks real-time rates devel…
Ship Recycling Market Cools
Inflation, fundamentals, currencies (except in India), vessel pricing, and overall weakening sentiments have beset the ship recycling market over the past week, reports cash buyer GMS.The effects have been felt across all the sub-continent ship-recycli…
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