Crude tanker demand is forecast to outpace supply in 2024 but grow slower than supply in 2025 as ships may return to the Suez Canal and sailing distances shorten, according to BIMCO’s May issue of its Tanker Shipping Market Overview & Outlook.Driven by…
BIMCO: Trade Restrictions Continue to Drive Tanker Demand Higher Read More »
Danelec and leading Danish piloting company DanPilot have revealing the result of a key strategic partnership at the European Maritime Day conference in Svendborg, Denmark. They have new technology that integrates operational and navigation solutions…
Danelec and DanPilot Unveil Remote Piloting Technology Read More »
Container volumes this year are up 8.8%
Singapore’s PSA reactivating boxship terminals to relieve congestion crush Read More »
Transits to rise to 32 per day as impacts of El Nino weather system fades
Panama Canal eases draught restrictions early as water levels rise Read More »
Tanker ordering activity was the main trend in last week’s newbuilding orders, while bulkers keep dominating the S&P market. In its latest weekly report, shipbroker Banchero Costa commented that “not many orders reported during this week, but tanke…
Newbuilding Orders Slow Down, as S&P Deals Accelerate Read More »