Trade disruptions have had a significant impact on tanker rates this year, limiting supply, boosting rates and thus leading to a handful of ships being scrapped. In its latest weekly report, shipbroker Gibson said that “the onset of the EU’s Emission T…
Limited Tanker Scrapping and Supply Boosts Rates During First Half of 2024 Read More »
Capesize This week began on a positive note, with the BCI 5TC increasing significantly by $2,881 to reach $31,438. Early in the week, the Pacific market saw significant activity, with increased participation from all of the miners and rising rates. How…
Dry Bulk Market: Capesize Market Ends Week in Correcting Mode Read More »
New nuclear technologies are increasingly being considered and developed for shipping as defence and civil offshore applications underpin the case for their adoption. In its most recent expert-led assessment of nuclear solutions in the Zero-Carbon Fuel…
Canada has emerged as one of the exporters with the biggest increase in seaborne coal exports during 2023, with the upwards trend maintaining momentum in 2024 as well. In its latest weekly report, shipbroker Banchero Costa said that “global coal trade …
Canadian Coal Exports on the Rise in 2024 Read More »
As we mark one year since the enforcement of the Carbon Intensity Indicator (CII) regulation, the maritime industry is reflecting on the impacts and challenges of this important step towards decarbonization. The CII is a measure of a ship’s energy effi…
Reflecting on One Year of CII Regulations: Navigating Decarbonization in Shipping Read More »