Record pool claims and the unprecedented impact of unforeseen events such as the Covid-19 pandemic have forced P&I Clubs to further harden their rates over the recent 2022/23 renewal round, following sharp rises last year. And Drewry anticipates mo…
P&I premiums to continue rising, adding to shipowner opex woes Read More »
The first delivery in a series of LNG dual-fuel multipurpose dry cargo vessels (MPV) marks a turning point in European short-sea shipping: Lady Marie Christine shows how state-of-the-art design features can ensure that long-term emission targets will b…
Highly flexible, LNG dual-fuel MPV excels with low EEDI Read More »
Performing scheduled maintenance or ship repairs is proving to be yet another challenge these days, in the aftermath of the war in Ukraine. In its latest weekly report, shipbroker Intermodal said that “while observing the ship repair market since the b…
Ship Repairs Proving Costlier and More Difficult Scheduling-Wise Read More »
Over the next months, the European Union (EU) is introducing a range of policy and regulatory proposals related to the shipping industry as part of the ‘Fit for 55’ package. The package is aimed at achieving the decarbonization goals set out in the Eur…
The Asia outbound market had seen a decline throughout April, largely driven by the shutdown of several sections of China following COVID outbreaks and strict anti-COVID measures. Anecdotally at least, output has dropped between 40-80% with China manuf…
FBX Index May: Looking forward Read More »