The ship recycling market is showing some early signs of life, with the Indian market emerging as a bright spot. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading global cash buyer of ships said that “the ship recycling industry d…
Ship Recycling: India a Bright Spot Read More »
“The Shanghai Containerized Freight Index (SCFI) fell another 10% in week 39. In total, the SCFI has dropped 43% during the third quarter, the largest Q3 drop in a year not affected by the COVID pandemic (2020-2023) since the SCFI was launched in Octob…
Container spot rates drop 43% in Q3, worst development in non-COVID year Read More »
Following a lengthy legislative process, the Magna Carta of Filipino Seafarers was finally signed into law in the Philippines on 23 September 2024. The Magna Carta aims to align domestic legislation with international conventions such as the Maritime L…
New seafarer law could have wide-reaching impact Read More »
Activity in the second hand market was rather lively over the past week. In its latest weekly report, shipbroker Banchero Costa said that there was “a steady flow activity notwithstanding some pressure filtering on the back of softer sales recorded dur…
Second Hand Ships In High Demand Read More »
As the global marine fuel mix grows, becoming more varied and consequently more complex in terms of fuel management, there is a potential increasing risk to vessels, crew and the environment, from the possible impact of poor-quality fuels. Yet, whilst …
Is Your Vessel Fully Protected From The Dangers Of Poor-Quality Fuel? Read More »