Capesize This week the capsize market has been marked by a mix of activities and challenges. Despite a slow start following the Christmas and New Year break, the Pacific market saw two active miners, contributing to a somewhat optimistic sentiment init…
Dry Bulk Market: Capesizes Start the New Year on Positive Note Read More »
As of 1 January 2024, vessels over 5,000 GT operating within EU waters are subject to the EU’s Emission Trading System (ETS). A recent implementing regulation has clarified how a shipowner may transfer responsibility for compliance – but some imp…
EU ETS: important compliance clarifications Read More »
Chinese shipping firm COSCO has suspended shipping to Israel, Israeli financial news website Globes reported on Sunday.The report, which did not include details behind the decision, came as shipping lanes in the Red Sea have been disrupted by…
COSCO Halts Shipping to Israel Read More »
Orient Overseas Container Line Ltd. (OOCL) announced it has taken delivery of another new 24,000 TEU mega vessel.Named OOCL Valencia during a ceremony at China’s Nantong COSCO KHI Ship Engineering Co., Ltd., the newbuild is the seventh eco-friendly 24…
24,188 TEU ‘Mega Vessel’ Delivered to OOCL Read More »
S. Korea, which is one the leading importers of crude oil, has increased its demand during 2023. In a recent report, shipbroker Banchero Costa said that “2023 so far has been another positive period for crude oil trade, despite the high oil prices and …
S. Korea Crude Oil Imports Rose in 2023 Read More »