Indices and futures bid/ask levels have firmed dramatically in recent days and weeks because of the Red Sea crisis. Container freight rates have surged globally, affecting various trade routes. The transatlantic shipping route is experiencing rising sp…
FBX Index January 2024: Looking forward Read More »
SEA-LNG is pleased to share its overview of LNG as a marine fuel in 2023-2024 with you. This resource highlights how the shipping industry has advanced along the LNG pathway to decarbonisation in 2023 and outlines the progress anticipated in 2024. The …
LNG – Leading Maritime Decarbonisation Read More »
More tanker newbuilding orders has been the latest trend in the shipbuilding market. In its latest weekly report, shipbroker Allied Shipbroking said that “tanker contracting was a leading force on the newbuilding front over the past week which, led by …
Ship Owners Piling on Tanker Newbuildings Read More »
“In 2023, only seven product tankers with combined deadweight tonnes (DWT) capacity of 265,000 were recycled. This was a year-on-year drop of 82% compared to 1.5 million DWT (27 product tankers) recycled in 2022. It was also the lowest level of recycli…
Product tanker recycling drops 82% year-on-year to lowest on record Read More »
With 90% of traded goods being transported across the ocean, the shipping industry stands at the heart of the global economy. Although shipping is highly efficient in terms of CO2 emissions per cargo weight, the industry as a whole is a major contribut…
Decarbonization of shipping: An ambitious global test bed for green ships sets sail Read More »