China’s increased use of scrap metal for its production of crude steel is fundamentally critical to the dry bulk shipping industry. Mostly Capesize ships are impacted by this, way beyond the temporary iron ore export disruptions in Brazil and Australia…
BIMCO Sees Hard Times Ahead for Capesizes Read More »
The below FAQs about scrubbers are intended to assist members (as owners and charterers) in preparing their charterparties for IMO 2020. Whilst this is not intended to be formal legal or technical advice or an exhaustive list of FAQs, it seeks to ident…
IMO 2020 – scrubber FAQs for charterparties Read More »
A severe reduction of Chinese steel prices could lead to diminished demand for long-haul charters of iron ore, which in effect could trigger losses in the Capesize dry bulk market. In a recent report, shipbroker Banchero Costa noted that “Chinese…
Dry Bulk Market: Long-Haul Cargoes of Iron Ore Could Dwindle Read More »
At the 100th session of the International Maritime Organization’s (IMO) Maritime Safety Committee (MSC) meeting discussions on fuel quality and safety were high on the agenda. Poor fuel quality is a problem which affects many stakeholders in the supply…
China will ban imports of waste foreign vessels to protect the environment, China Daily reported on Dec 24. The country’s ship-breaking yards, which have been tearing apart the world’s retired vessels from both civil and military sectors, a…
China to ban imports of waste foreign vessels for ship recycling Read More »