The ship recycling market is still suffering from a lull in activity. In its latest weekly report, shipbroker Clarkson Platou Hellas commented that “as we commemorate Her Majesty The Queen marking 70 years of service to the people of the United Kingdom…
Ship Recycling Market in Dire Straits Read More »
As of today (11 May 2022), Capesize rates finally breached $30,000/day mark to $31,151/day from the average of about $14,000/day in April 2022 or about $11,000/day on 20 April 2022 according to the Baltic Exchange. As you may have noticed in several fr…
Such is the serious fear of the global business organisation representing cargo owners which export and import across international supply chains, the Global Shippers Forum. Following the decade-long efforts of the International Maritime Organisation (…
Shippers Fear Carbon Tax Will Hike Freight Costs Still Higher Read More »
With coal coming back into the foray as a major energy source, it’s worth taking a look at the state of major coal exporters and the seaborne market for coal in general. In its latest weekly report, shipbroker Banchero Costa said that “following a disa…
Global Seaborne Coal Trade Declined By 4% in the First Four Months of 2022 Read More »
An EU embargo targeting all seaborne imports of crude oil and petroleum products from Russia will disrupt tanker trade flows into the trade bloc by the end of the year. All 27 members of the EU agreed to a new sanctions package on Monday that included …
EU oil ban to rewrite tanker trade Read More »