It seems that the newbuilding market has started to recover from the recent lows, with more contracting taking place of late. In its latest weekly report, shipbroker Allied Shipbroking said that “interest for newbuilding projects is gradually starting …
Newbuilding Market Picks Up Pace Read More »
Nearly a quarter of total bunker sales in Singapore refuelled scrubber-fitted ships with high-sulphur fuel oil (HSFO) in July, thereby reaching the highest level of HSFO sales so far in 2020 with 24% of total bunker sales – or 988,000 tonnes. Despite o…
Shipping number of the week: High-sulphur fuel oil sales reach 24% of total in Singapore Read More »
The Supreme Court recently granted an owner permission to appeal in respect of the Court of Appeal’s decision in the CMA CGM Libra case. The appeal will raise issues concerning the scope of a shipowner’s obligation under Article III rule 1(a) of the Ha…
Test of seaworthiness findings Read More »
Russia is still a major player in the coal market, while Southeast Asian economies are now the main drivers of demand for the fuel. In a recent weekly report, shipbroker Banchero Costa said that “coal mining has been a key industry in Russia for a long…
Coal Market Shifting Read More »
Growth in seaborne perishable cargo slowed in 2019 but is forecast to better weather the COVID-19 induced economic storm than the dry cargo trade given the broader resilience of the food supply chain. Meanwhile, availability of refrigerated container e…
Reefer shipping to outpace dry cargo trade despite container shortages Read More »