The dynamics of the freight market at the end of November fueled market participants’ expectations of an upturn in the final month of the year, with the Panamax ship size continuing to gain significant strength compared to the smaller vessel cate…
The ship recycling market has kept its sluggish pace of late. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “the sluggish market continues with little activity or hope for some change in the pattern for the remainder of the y…
Sluggish Ship Recycling Market The Norm Read More »
Drewry expects the global pool of shipping containers to contract in both 2023 and 2024. While stubbornly high levels of inflation in many countries is depressing demand, increasing geopolitical instability is affecting investor sentiment, with both fa…
Global pool of shipping containers to post two consecutive years of decline Read More »
The findings are based on a survey of respondents from across the maritime sector and conducted in association with 15 shipping organisations, spanning ship owners and managers, classification, technology, ports and marine services. With over 2,500 res…
The dry bulk fleet’s net growth this year, won’t surpass the 3% mark, marginally higher than 2022, but lower than both 2021 and 2020, maintain the favorable fundamentals picture of the past few years. In its latest weekly report, shipbroker Intermodal …
Dry Bulk Fleet Growth for 2023 Expected to Reach 3% Read More »