The ship recycling market has seen quite a lot of activity of late. However, it’s bound to quiet down, as a result of the Ramadan period. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “as we entered Ramadan this week, there w…
Ship Recycling Market Expected to Quiet Down As Ramadan Started Read More »
The organization now expects merchandise trade volume growth of 3.0% in 2022—down from its previous forecast of 4.7%—and 3.4% in 2023, but these estimates are less certain than usual due to the fluid nature of the conflict (Table 1). The most immediate…
Russia-Ukraine conflict puts fragile global trade recovery at risk Read More »
A new report by UMAS, commissioned by The Ocean Conservancy titled “The Maritime Fleet of the USA—the current status and potential for the future” shows, for the first time, the scale of U.S. shipping fleet emissions and opportunities to decarbonise th…
With the EU ready to ban Russian coal imports, it’s worth taking a look at what this means for the seaborne coal trade in general. In its latest weekly report, shipbroker Banchero Costa said that “following a disastrous 2020, with the world hit by lock…
Recent increases in hull and machinery (H&M) premiums are set to be repeated and some owners will face further significant insurance cost increases in 2022/23, as restructuring and re-pricing of the H&M market consolidates and syndicates contin…
Hardening H&M insurance market to stoke higher ship opex inflation Read More »