Maritime communications came a long way before they could deliver the first Global Maritime Distress and Safety System (GMDSS), but it is fair to say that their forward march has only accelerated in the two-and-a half decades since. Today, shipping com…
Maritime LEO Networks Read More »
Demand for Australia’s iron ore has been on the rise, with China leading the pack. In its latest weekly report, shipbroker Banchero Costa said that “2023 was a very positive year for global iron ore trade. In Jan-Dec 2023, global loadings of iron ore i…
China Leading Rebound in Demand for Australian Iron Ore Read More »
This week’s focus highlights a decrease in vessel congestion at the port of Ras Tanura for dirty tankers, including VLCCs and Suezmax vessels. Port congestion metrics show a 25% decline on both a weekly and monthly basis. However, in contrast, port day…
VLCC Ras Tanura – Port Congestion Metrics Read More »
The EU’s FuelEU Maritime regulation, set to take effect in January 2025, looks set to further shake up the industry, as it continues on its path to net zero. As part of the EU’s Fit to 55 package, FuelEU aims to accelerate the decarbonisation of …
Call to action on FuelEU compliance Read More »
Shipping demand will be shaped by the macroeconomic environment as well, in the coming weeks and months, with monetary easing expected to play a significant role in that regard. In its latest weekly report, shipbroker Xclusiv said that “the Chinese eco…
Shipping and the Macro Environment Read More »