Global maritime leaders have reaffirmed their commitment to fair treatment, due process and coordinated action to protect seafarers’ rights.Seafarers detained in connection with their professional duties must be treated fairly and with dignity…
Call Made for More Collaboration to Protect Seafarers from Criminalization Read More »
ABS and HD Hyundai Samho signed a memorandum of understanding for the technical collaboration for an AI-based smart shipyard.The agreement establishes a cooperative framework for both organizations to leverage smart technologies such as AI,…
ABS and HD Hyundai Samho Collaborate on AI for Shipbuilding Read More »
The ship recycling market was further hampered by the developments of the past week and the escalation of warfare between Iran and Israel. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships said that “the ship r…
Middle East Tensions Further Hurt Ship Recycling Activity Read More »
The dry bulk market is expected to be less affected by the ongoing situation between Iran and Israel; however, examining the current situation can help determine the best way to position oneself in the market. Given that the region bordering the strait…
The global dry bulk fleet is facing a sharp contraction in younger, more efficient tonnage, with the supply of vessels under 15 years of age projected to fall by 22% by 2028, according to new analysis shared by Oliver Kirkham, Senior Valuation Analyst …
Global dry bulk fleet set to drop 22% in young tonnage by 2028 Read More »