An aging and outdated fleet could be one of the hurdles that shipping needs to overcome, in order to achieve the decarbonization goals set by the IMO by 2030. In its latest weekly report, shipbroker Xclusiv said that “almost 7 years ahead of 2030 and q…
Will Shipping Be Ready By 2030?: Decarbonization Goals Could Be in Jeopardy Read More »
The third week of October saw a noticeable improvement in market sentiment in the crude oil freight sector. At the same time, we have observed an increase of rates in the clean tanker segment. This upswing can be attributed to the new geopolitical cris…
The Global Maritime Forum has identified five key action areas to improve the operational efficiency of vessels. The implementation of operational efficiency strategies plays a critical role in reducing shipping emissions today, while also preparing th…
Dry bulk carriers and more specifically kamsarmaxed continue to be leading the way, in terms of newbuilding activity over the course of the past few days. In its latest weekly report, shipbroker Allied Shipbroking said that “Kamsarmax contracting has l…
Kamsarmaxes Lead the Way of Newbuilding Activity Read More »
At the start of October, the capesize order book was at 20 million DWT, a mere 5% of the capesize fleet. The contracting of newbuild capesize ships has gradually decreased since its peak in 2013 and only 5 million DWT were contracted so far in 2023, do…
Capesize order book slips to 5% of fleet as contracting falls Read More »