The Global Maritime Forum has identified five key action areas to improve the operational efficiency of vessels. The implementation of operational efficiency strategies plays a critical role in reducing shipping emissions today, while also preparing th…
Dry bulk carriers and more specifically kamsarmaxed continue to be leading the way, in terms of newbuilding activity over the course of the past few days. In its latest weekly report, shipbroker Allied Shipbroking said that “Kamsarmax contracting has l…
Kamsarmaxes Lead the Way of Newbuilding Activity Read More »
At the start of October, the capesize order book was at 20 million DWT, a mere 5% of the capesize fleet. The contracting of newbuild capesize ships has gradually decreased since its peak in 2013 and only 5 million DWT were contracted so far in 2023, do…
Capesize order book slips to 5% of fleet as contracting falls Read More »
The third week of October witnessed robust Capesize Brazil to China freight rates, as indicated in the chart above. Furthermore, the demand in tonne days exhibited a noteworthy surge in recent days. Nevertheless, the recent uptick in the number of ball…
With an increasing number of ship recycling yards moving towards implementing the Hong Kong Convention, conditions seem to be changing rapidly towards an exciting future. In its latest weekly report, shipbroker Clarkson Platou Hellas said that the rati…
Ship Recycling Industry Is Moving Forward Read More »