After the latest events in Israel and Gaza, the tanker market has been largely unaffected. However, as the crisis looks to be escalating, so can its impact on shipping. In its latest weekly report, shipbroker Gibson said that last weekend, “the world w…
Tankers: Business as Usual? Read More »
For all the criticism and discussion around MEPC 80 this year, the IMO’s landmark environmental committee has given us one thing: the commitment to achieve net-zero emissions by around 2050 creates a clear sense of direction for an industry often criti…
Capesizes Closing at $27,591 the Capesize TC average maintained similar levels week-on-week, however large gains were seen on Monday when the spot rate climbed close to $29,000, but neither Atlantic nor Pacific basin was lending much of the support by …
Dry Bulk Market: Capesizes Keep Going Strong Read More »
Dirty freight rates showed mixed movement in September, OPEC said in its latest monthly report. Despite some strength seen in the second half of the month, VLCCs spot freight rates continued the decline from the peak seen in June. Rates on the Middle E…
Tanker Market Showed Mixed Movement Last Month Read More »
Overview The shipping industry is facing an increase in new regulations from the International Maritime Organization (IMO) and the European Union (EU) and an increase in the urgency to decarbonise. To support the industry, BIMCO has developed a new CII…
BIMCO adopts new CII clause for Voyage Charter Parties Read More »