Newbuild orders for multipurpose ships (MPV), including both breakbulk and project cargo vessels, are not expected to reach pre-pandemic levels this year, in sharp contrast to the competing sectors of containerships and dry bulk carriers, according to …
Lack of newbuilds accelerates shortage of modern tonnage for MPV fleet Read More »
Demand for dry bulk tonnage has remained high in the S&P market. In its latest weekly report, shipbroker Allied Shipbroking said that “on the dry bulk side, interest for SnP transactions remained vivid for yet another week, with several units of di…
Dry Bulk Carriers in High Demand as Rates Keep Rallying Read More »
A rapid replacement of fossil fuels with renewable fuels based on green hydrogen and advanced biofuels could enable to cut up to 80% of CO2 emissions attributed to international maritime shipping by mid-century, a new report by the International Renewa…
Ports left and right are starting to feel the impact of the supply chain crisis and are showing signs of congestion and long unloading times. One of the latest “victims” appears to be Felixstowe Port in Suffolk, UK, which is starting to divert containe…
UK’s Felixstowe Port Crisis is Yet Another Sign of a Collapsing Supply Chain Read More »
Wet tonnage has been feeding towards the demolition market over the past few weeks. In its latest weekly report, shipbroker Allied Shipbroking commented that “the tanker units were once again in the spotlight of the ship recycling market, with owners t…
Tanker Tonnage Gaining More Ground in the Demolition Market Read More »