The tanker market could be set to benefit from a brand new market entering the foray over the next few years. In its latest weekly report, shipbroker Gibson said that “much of the focus over the past few years has been on the impressive ramp up of oil …
New Frontiers Entering The Tanker Market Narrative Read More »
The rising interest in clean ammonia, touted as the next zero-carbon fuel, is boosting orders for Very Large Ammonia Carriers (VLAC). The orderbook is stacking up with the specialised vessels, but concerns over possible delays in the start-up of planne…
Ammonia shipborne trade: Navigating the bubble for sustainable growth Read More »
Capesize The Capes started the week off slowly but gradually gained momentum. Despite decent cargo volumes, particularly in the Pacific, the C5 index experienced a 50-cent drop, settling at $9.640 as the week got under way. There was pressure in the So…
Dry Bulk Market: Capesize Market Ends the Week in Negative Territory Read More »
Seaborne coal exports from Indonesia were a driving force during 2023, with a 10.2% increase compared to 2022. In a recent weekly report, shipbroker Banchero Costa said that “global coal trade has really picked up pace in recent months, and is now full…
Dry Bulk Market: Indonesian Coal Exports A Driving Force During 2023 Read More »
Shipping companies face a costly dilemma in the Red Sea. Houthi attacks mean vessels passing through the Suez Canal risk being hit with ballistic missiles. The alternative is to go around the Cape of Good Hope, adding more than 8,000 nautical miles to …
Does manipulating AIS data help ships avoid Houthi attacks? Read More »