This week began with announcements of a possible agreement between the US and Iran which would end hostilities and ensure safe passage through the Strait of Hormuz for commercial shipping. As the agreement has now been signed by both parties, our indus…
BIMCO: Lack of details remain a concern in the Strait of Hormuz Read More »
With the Monsoon seasons closing in, ship recycling activity was slower in India and other major markets. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships, said that “the Indian market remains subdued this wee…
Ship Recycling Market Delegates Exercising Caution Read More »
Fuel surcharges have become one of the most challenging and unpredictable components of ocean freight costs for shippers. Cargo owners are often faced with significant variations in surcharge levels between carriers operating on the same trade lane, wi…
The Fuel Surcharge Problem: Is There a Better Solution? Read More »
As geopolitical instability disrupts key global shipping routes, Stamatis Tsantanis, Chairman & CEO of global shipping companies Seanergy Maritime (NASDAQ: SHIP) and United Maritime (NASDAQ: USEA), warns that although the U.S. has helped offset som…
China Increasing Coal Imports as Power Needs Surge Read More »
The newbuilding market has remained strong throughout the past week. In its latest weekly report, shipbroker Banchero Costa said that “the NB market remains healthy, with decent number of orders reported this week too; Greek Owner Global Ship Lease (GS…
Newbuilding Market Activity Going Strong Read More »