The second hand S&P market has kept its bullish momentum for yet another week. In its latest weekly report, shipbroker Banchero Costa said that it was “a busy week in the second hand market: in the dry segment, activity was reported for every size….
Second Hand Market Still Very Busy Read More »
This week’s chart illustrates the increase in the monthly volume of Brazilian iron ore during the second quarter of this year (left chart), alongside the growth in Capesize tonne days from Brazil to China since the end of May. While this growth i…
Iron Ore Flows & Capesize Tonne Days Read More »
Global demand for ocean freight container shipping hit an all-time record in May amid soaring spot rates and severe port congestion. The 15.94m TEU (20-foot equivalent container) transported by ocean in May beats the previous record of 15.72 TEU set in…
Record-breaking demand for ocean container shipping adds to perfect storm in market Read More »
The ship recycling market has remained stagnant over the past week. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships said that “in India, the market remains stable, with the situation expected to persist until…
Ship Recycling Market Remains Stagnant Read More »
Introduction For the 2024 calendar year any shipping company having cargo or passenger ships of 5,000 gross tonnage (GT) or above calling a port located in the EEA (European Economic Area[1]) for commercial purposes must cover 40% of the total CO2 emis…
EU Emission Trading System – smooth sailing a half year into 2024? Read More »