Newbuilding activity was somewhat limited over the past week, after a series of very strong contracting. In its latest weekly report, shipbroker Allied Shipbroking said that “the newbuilding market prevailed in a state of clampdown as of the past week,…
Ship Owners Limit Newbuilding Orders After Latest Spree Read More »
The last week of October witnessed a downward trend in the Capesize freight market momentum, while the smaller vessel segments experienced a relative flat momentum. Meanwhile, the grain flows from Brazil to China with the Panamax vessel class recorded …
Industry leaders have been told achieving environmental targets in ocean freight shipping requires major efforts and investments. The reminder came during the annual Xeneta Summit taking place in Amsterdam today, Wednesday, which sees key industry figu…
The ship recycling market is set to face a challenging few weeks, with limited activity. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “some unexpected news circled in the market this week confirming that the oil trade relate…
Challenging Conditions Ahead for the Ship Recycling Market Read More »
In the wake of COP26, the international shipping sector felt the pressure to reduce its greenhouse gas (GHG) emissions more rapidly. The recent adoption of the 2023 International Maritime Organisation (IMO) Strategy on Reduction of GHG Emissions confir…
Will international shipping be net zero by 2050? Read More »