Incidents and Houthi attacks in the Red Sea remain a steady constant, despite international efforts to mitigate the crisis. This, in turn, is having a major impact in the shipping market. In its latest weekly report, shipbroker Xclusiv said that “repor…
Red Sea Crisis in Full Swing Despite Months of Turbulence Read More »
Supply/demand balance Cargo volumes are expected to grow more slowly than the fleet, at 3-4% in both 2024 and 2025 vs. fleet growth of 9.5% in 2024 and 4.9% in 2025. However, the ship supply/demand balance is still expected to strengthen in 2024 as Hou…
BIMCO: Container Shipping Sailing Speeds To Decrease Moving Forward Read More »
Carbon Capture and Storage (CCS), a promising decarbonization method, requires a value chain for CO2 transport and storage to serve estimated future demands. DNV’s Mathias Sørhaug surveys the status, challenges and opportunities of CO2 shipping within …
Positive outlook for carbon shipping amid big push to solve technical challenges Read More »
Dry bulk carriers remain in high demand among shipowners. In its latest weekly report, shipbroker Banchero Costa, said that there were some interesting deals in the dry bulk secotr, concluded in the newbuilding sector last week. According to the shipbr…
Dry Bulkers Remain in High Demand Among Shipowners Read More »
Since 2018 shipowners generally have been reluctant to sell older or less economical ships to breakers’ yards. During the past five years average annual recycling totals in the world merchant ship fleet were the smallest since an exceptional freight ma…
Shipowners jettison the scrapping option Read More »