Niels Rasmussen, BIMCO’s Chief Shipping Analyst, reports that ship supply is expected to grow on average 10.3% in 2024 and 5.3% in 2025. After increasing in 2024, sailing speeds are expected to reduce in 2025.Attacks on ships in the Red Sea…
BIMCO: Container Shipping Market Strength Predicated on Red Sea Re-Routing Read More »
Esgian provides an update on drilling activity in its Week 26 Rig Analytics Market Roundup.Report SummaryContractsVentura Offshore has been granted exclusive marketing rights from Hanwha Drilling LLC for the newbuild 12,000-ft 7th generation drillship…
Esgian Week 26 Report: Drilling Activity is High Read More »
Interferry Director of Regulatory Affairs Johan Roos has announced that the organization has drafted an alternative compliance mechanism to the CII that will be submitted to MEPC 82, to be held September 30 – October 4.CII is a shipping industry…
Interferry Calls for CII Fleet-Balancing Mechanism Read More »
The United Kingdom Maritime Trade Operations (UKMTO) said on Sunday it had received a report of an incident 13 nautical miles southwest of Yemen’s Al Mukha, but that the vessel and its crew were safe.An UKMTO advisory note said a merchant vessel had re…
Crew Safe after Incident Southwest of Yemen’s Al Mukha Read More »
A boost in ton-mile demand has kept older MR tankers afloat. In its latest weekly report, shipbroker Gibson said that “MR tankers, the workhorses of both the clean and occasionally dirty product markets form the largest segment of the tanker industry. …
Ageing MR Product Tanker Fleet Could Impact Future Market Prospects Read More »