The newbuilding market’s positive momentum fizzled out last week, with fewer contracts being reported, as opposed to the activity in the S&P market. In its latest weekly report, shipbroker Allied Shipbroking said that there were “fewer sales to rep…
Newbuilding Market Fizzles Out, As S&P Deals Pick Up Read More »
“China’s property market is estimated to account for approximately 35% of the country’s steel demand. It is an important driver for economic growth and raw materials like iron ore, coking coal, wood, and cement. Overall, the Chinese economy is a signif…
Dry bulk watches Evergrande liquidation after 16.5% drop in real estate investment Read More »
The maritime industry is standing at the brink of a transformative era—one defined by a commitment to environmental consciousness and sustainability. Within this shifting landscape, innovations such as those in Exhaust Gas Cleaning Systems (EGCS), alka…
ICS: Navigating the seas of environmental transformation Read More »
A lack of vintage tonnage on offer, is the reason behind the weakness of the ship recycling market. In its latest weekly analysis, Best Oasis (www.best-oasis.com), one of the leading cash buyer of ships, said that “we observed this week that India̵…
Lack of Tonnage Still Plaguing Most Ship Recycling Markets Read More »
The Red Sea crisis has seen ocean freight rates increase faster than the early months of the Covid-19 pandemic as swathes of shippers are told some of their contracts will not be honored. Xeneta, the leading ocean freight rate benchmarking and intellig…