New requirements will come into force from 29 April at the ports of Melbourne and Geelong for vessels equipped with a mechanical or software-based engine or shaft power limiter in accordance with IMO requirements. As stated in the Ports Victoria Operat…
New requirements for vessels with engine or shaft power limiters Read More »
The crude tanker market could be set for a positive future, as ton-mile demand is about to increase. In its latest weekly report, shipbroker Gibson said that “earlier this month the IEA released its monthly oil report, offering for the first time their…
Crude Tanker Market Fundamentals Looking Healthy Read More »
Capesize The Capesize market witnessed an eventful and generally positive week. Early in the week, a subdued start led to cautious attitudes among market participants, with slight declines in the BCI 5TC and C3 index. However, a notable turnaround occu…
Dry Bulk Market: Positive Week for Capesizes Read More »
A global resurgence Global piracy and armed robbery incidents increased by 4% in 2023 compared to 2022, according to the International Maritime Bureau’s Piracy Reporting Centre (IMB PRC). While this does not appear to be a substantial overall change, a…
Is the decline in global piracy over? Read More »
The tanker market could be set for a major structural shift in trade routes, should the Straits of Hormuz become unsafe for passage, after the latest developments and the escalation of the Middle East tensions. In its latest weekly report, shipbroker A…
Strait of Hormuz Safety is Under Threat: Is a Structural Threat Ahead? Read More »