Capesize The Capesize market experienced an eventful week despite starting off quietly with the BCI 5TC dropping by $409 to $25,650 on Monday. However, the market turned around midweek with a surge in activity, especially in the Atlantic. Demand from S…
Dry Bulk Market: Capesize Index Rises Higher Read More »
The European Union Emissions Trading System (EU ETS) stands as a cornerstone in the global endeavour to mitigate climate change, and its extension to the maritime sector earlier this year has already begun to accelerate the shift towards greener shippi…
The U.S. Coast Guard commissioned its 56th Fast Response Cutter and first one to be stationed in the Pacific Northwest during a ceremony held in Astoria, Ore., Thursday, marking the vessel’s official entry into active service.Built by Bollinger…
USCG Commissions First Pacific Northwest Fast Response Cutter Read More »
Canadian iron ore exports to China and the EU have been rising. In its latest weekly report, shipbroker Banchero Costa said that “2023 was a very positive year for global iron ore trade. In Jan-Dec 2023, global loadings of iron ore increased by +5.1% y…
Canadian Iron Ore Exports on the Rise Read More »
This week’s data highlights a declining trend in VLCC tonne days growth (left chart), coinciding with weakening AG-China freight market rates throughout June and a reduction in tonne day growth from the AG to China. This weaker outlook was also d…
VLCC Dirty tonne days Read More »