According to the World Economic Forum, with around 90% of all trade being ocean-based, close to 3% of the world’s greenhouse gas footprint comes from seagoing vessels. The shipping industry is determined to accelerate its efforts to meet the Global Mar…
Green methanol shortages are diverting newbuilds back to LNG Read More »
Demand for second hand dry bulk carriers has been high throughout 2024. In a recent weekly report, shipbroker Intermodal said that “the dry bulk sale and purchase activity continue to demonstrate remarkable strength this year so far, achieving the seco…
Dry Bulkers in Demand Throughout 2024 Read More »
Clarksons Research have released their latest Green Technology Tracker, including full year 2024 data points, charting the progress of alternative fuel uptake and investments in energy saving technologies across the global shipping fleet. Summarising t…
The VLGC market will navigate a complex landscape in 2025, shaped by a mix of positive and negative factors, such as robust LPG trade and ample fleet supply, which will take rates below 2024 levels. This market will be characterised by surplus vessel a…
Overcapacity and uncertain petchem recovery cloud LPG Shipping Read More »
A Finnish court today denied a request for the release of an oil tanker suspected by police of damaging an undersea power line and four telecommunications cables in the Baltic Sea last week. The incident was one of several since 2022 in which…
Subsea Sabotage in the Baltic Sea – a Timeline for Perspective Read More »