Over the past few months, scrapping activity has remained in the low end of things, as owners prefer to trade older ships, instead of scrapping them. In a recent weekly report, shipbroker Xclusiv said that “scrap activity remains subdued in 2024 mainly…
Weakness is the Norm for Scrapping Activity Read More »
More than two and a half years after Russia’s full-scale invasion of Ukraine, reports have surfaced about the emergence of ‘shadow’ liquefied natural gas (LNG) vessels. Mirroring tactics previously used for oil exports, unknown companies are purchasing…
The rise of ‘shadow’ LNG vessels: A new chapter in Russia’s sanctions evasion strategy Read More »
On August 19, a group of dock worker unions in India encompassing 20,000 members called for a general, nationwide strike starting August 28. The unions’ demands include “pay scale revisions, payment of arrears and protection of exiting bene…
The World’s Biggest Sea-Trading Countries Read More »
The comprehensive strategy to achieve climate neutrality in shipping, focusing on reducing greenhouse gas (GHG) emissions adopted by the International Maritime Organization (IMO), aims to reduce GHG emissions from international shipping and phase them …
Greenhouse gas regulations: What are IMO’s next steps? Read More »
Capesize This week saw a strong and consistent upward trend in the Capesize market, with the Baltic 5TC index rising from $21,510 on Monday to settle at $23,645 by Friday. In the Pacific, activity was buoyed by the participation of all the major miners…
Bulk report – Week 34 Read More »