A number of newbuilding orders were reported over the past week. In its latest weekly report, shipbroker Banchero Costa commented that “newbuilding activity this week was broad-based, with significant contracting across the container, tanker, bulk carr…
Shipping: More Newbuilding Contracting This Week Read More »
Shipping is responsible for around 10% of EU ETS emissions but pays almost 20% of the ETS bill. Unlike other sectors, it has never received free allowances. The new Sustainable Maritime Alternative Propulsion (SMAP) mechanism is a chance to reinvest pa…
At the end of September, a 15-year-old VLCC was valued above a newbuilding for the first time at USD 139.2 mil for 310,000 DWT, compared to USD 138.7 mil for newbuilding vessels. The move is part of a wider inversion of the age curve; a five-year-old V…
Secondhand VLCCs Now Valued Above Newbuildings Read More »
Average spot rates continue retreat to lowest level since 2 October
Koch wins Brazil VLCC rate bounce as Heidmar scores $57m Red Sea fixture Read More »
Ministry of Defence says port infrastructure also hit as well as vessels delivering ‘military cargoes’