The 78th session of the Marine Environment Protection Committee (MEPC 78) of the International Maritime Organization (IMO), which convened on 6-10 June 2022, approved the designation of the Mediterranean Sea Emission Control Area for Sulphur Oxides and…
President Alberto Fernández recently pledged that Argentina would seize the opportunity to help meet global wheat demand while taking advantage of the high prices following Russia’s invasion of Ukraine. Poor harvest, however, could change the picture. …
Argentina’s wheat export quota cut by 31% for 2022/23 marketing year Read More »
The newbuilding market has picked up pace considerably over the course of the past week, with more deals being concluded. In its latest weekly report, shipbroker Clarkson Platou Hellas said that in the newbuilding market “in dry bulk this week, it was …
Newbuilding Market Picks Up Pace Read More »
In recent years the fleet of merchant ships owned by companies based in China has continued to grow strongly. This performance reinforced an already entrenched upwards trend, and signs point to further advances in the future. Expansion of the China-own…
Powerful growth in the China-owned fleet Read More »
Seafarer wage rates are set to accelerate in the face of worsening officer supply / demand imbalance. Sustained fleet growth will lead to the highest shortfall of officers to crew the world’s merchant fleet in over a decade by 2027, with important impl…
Seafarer costs to accelerate on rising officer shortfall Read More »