“The Baltic Dry Index (BDI) has recovered since the start of November due to stronger capesize freight rates, but the index is still down 10% y/y. The capesize market has benefited from a 1% increase in shipments so far in November compared to October …
BDI still down 10% despite recovery in capesize demand Read More »
Every year, shipping is faced with new requirements to protect the climate and the environment, and 2025 is no exception. Increased EU requirements for documentation on methane and other emissions from ships will come into force on 1 January, and right…
Major new challenges for shipping in 2025 make data more important than ever Read More »
The ship recycling market is looking for additional catalysts to pick up pace. In its latest weekly report, Best Oasis (www.best-oasis.com), one of the leading cash buyer of ships globally said that “this week, recycling markets across regions like Sou…
Ship Recycling Market Looking for Catalysts Read More »
In today’s volatile shipping market, particularly amid unpredictable global conditions and geopolitical events, Forward Freight Agreements (FFAs) play a crucial role in stabilising and managing risk. FFAs allow shipping industry participants to hedge a…
The importance of an FFA market in today’s volatile shipping freight market Read More »
The new guidance on ballast water (BW) record-keeping and reporting, adopted in Circular BWM.2/Circ.80, aims to assist ship crews by clarifying the record-keeping and reporting process under the BWM Convention. The circular includes guidance on complet…
Ballast water record-keeping and reporting requirements – Upcoming changes Read More »