The resurgence in market rates for the VLCC AG-China route during the initial week of March was notable, primarily fueled by a tightening supply attributed to a significant drop in vessel activity in Ras Tanura compared to the peak observed at the end …
The IMO’s Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships 2009 (Hong Kong Convention) will enter into force on June 26, 2025. Whilst the ratification of the Hong Kong Convention is a positive development and…
Ironing out ship recycling wrinkles Read More »
Despite the efforts towards the global economy’s decarbonization, coal still remains a key component, still feeding demand for large bulkers. In its latest weekly report, shipbroker Xclusiv said that “despite widespread discussions of green energy and …
Coal Demand Keeps Large Bulkers In High Demand Read More »
Global shipping regulators will soon have to decide whether and how to penalise the use of fossil fuel and whether and how to incentivise the use of greener fuel. Drewry provides a short analysis and comparison of policy discussions, including their po…
IMO ponders new GHG policies, while shipping sector awaits low-carbon economic incentive Read More »
Global shipping companies’ short-term profitability will benefit from increased freight rates, which exceed the costs of re-routing following persistent attacks on commercial vessels in the Red Sea, Fitch Ratings says. We do not expect structural shift…
Red Sea Disruptions Benefit Shipping Companies’ Near-Term Profitability Read More »