The Israel-Palestine conflict, marked by recent violence between Israel and Hamas, has sent ripples through the shipping and maritime industry, leading international companies to issue cautionary advisories and adapt their operations in the region. “In…
Dry bulkers have been the “weapon of choice” for ship owners, when it comes to newbuilding orders. In its latest weekly report, shipbroker Allied said that it was “a busier week than the last for reported contracting activity and yet another where addi…
Ship Owners are Stockpiling Bulker Newbuildings Read More »
The second week of October brought both promising and concerning developments in the shipping industry. In the Capesize Brazil to North China route, freight rates continued to exhibit strength, reaffirming their resilience in the face of various market…
The ICC International Maritime Bureau (IMB) has revealed a rise in reported incidents in the Gulf of Guinea and concerns for the Singapore Straits in its latest report for the period of January-September 2023, released today. Ninety-nine incidents of p…
The lower pricing environment and a lack of interest isn’t expected to move the needle in the ship recycling market, at least not anytime soon. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “holidays in the Far East have limi…
Ship Recycling Market Not Likely to Grow in Activity Read More »