The tanker market was broadly unchanged during the month August, according to the latest OPEC report. Dirty vessel spot freight rates were broadly flat in August as gains in VLCCs were outweighed by declines in average rates for Aframax and Suezmax. A …
Tanker Market Flat During August Read More »
Good fortune and the number 13 don’t usually go hand in hand, but when it comes to coal, 2013 actually seems to have been the commodity’s lucky year. And it has been downhill from there. The recently-released International Energy Agency’s (IEA) Coal in…
The coal-d shoulder? Read More »
A UK company, partly supported by STFC’s business incubation programme, is developing ground-breaking technology that will help the shipping industry reduce its CO2 emissions and encourage the uptake of wind ships. From the clothes we wear to the cars …
Satellite technology helps commercial shipping industry reduce its carbon footprint Read More »
With the freight rate market on a high note, especially in the dry bulk segment, demolition candidates have been scarce, not to mention the lack of buying appetite by scrapyards. In its latest weekly report, shipbroker Clarkson Platou Hellas said that …
Ship Recycling Activity Held Back By Improved Freight Rates Read More »
Surging iron ore exports from Brazil and contracting vessel supply in the region will keep Capesize/VLOC vessels in high demand in the Atlantic, supporting the continued surge in freight rates. The Capesize market is witnessing a festive period with sp…
Euphoria in dry bulk spot rates Read More »