During the second week of March, there’s a notable surge in freight rates, particularly in the larger vessel categories, accentuated by a diminishing number of ballasters. The demand indicator reflected in the volume of South Atlantic daily loade…
Since 2006, the average container ship has doubled in size to 4,580 TEU and ships with a capacity of more than 12,000 TEU has accounted for 51% of the fleet’s capacity expansion. Today, just 626 ships provide 36% of the fleet’s capacity, and the trend …
Ships above 12,000 TEU drive 100% increase in average ship size Read More »
Tanker newbuildings remained in high demand among ship owners over the past week. In its latest weekly report, shipbroker Banchero Costa said that “tankers remained the most active sector on the Newbuilding scene with Greek Owners still in the spotligh…
Ship Owners Keep Piling Up Tanker Newbuildings Read More »
Despite persisting uncertainty around what changes EU ETS will bring for shipping’s finances and contracts, companies can already carve their own pathway to success under the new legislation. This requires adopting a proactive approach and a digital mi…
EU ETS requires a practical approach… and the right data Read More »
Persistent missile attacks by Houthi rebels on ships plying the Red Sea route have led to soaring emissions liabilities for shipping companies under the EU ETS as lengthy voyage diversions for Europe-bound vessels have multiplied fuel consumption, acco…
OceanScore analysis shows near-tripling of EU ETS costs due to Red Sea crisis Read More »