The ship repair segment has been one of the hardest hit from the widespread effects of the Coronavirus, not only due to the restriction of operations of major yards, but also due to the fact that business was sky-high as well. In its latest weekly repo…
Ship Repair Sector in Coronavirus Shock Read More »
The short term impact of the coronavirus health crisis is a sharp hit to global container volumes and carrier earnings, but Drewry expects that the medium-term impact will be manageable provided the virus spread is contained. Container shipping lines h…
What does coronavirus mean for container shipping? Read More »
As a new era dawns for the maritime industry this year, driven by IMO 2020, the International Maritime Organization’s 0.5% sulfur cap on fuel content effective last month, players in the global container-shipping sector find themselves in a position wh…
The demolition market for ships has remained sub-par over the course of the past few weeks. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “having benefitted from an enthusiastic and active market over the last couple months, …
Demolition Market Hits a Roadblock as Activity is Subdued Read More »
The start of the new year has, as is often the case for dry bulk shipping, been marked by falling freight rates. The seasonal slump, typical in January after a strong Q4, has been exacerbated by the additional cost of fuel resulting from the IMO 2020 s…