At the start of the year, Microsoft’s Chief Executive Satya Nadella declared that “the age of AI is upon us.” The statement followed the company’s multi-billion investment into OpenAI, the research company that’s home to AI ‘superstar’ ChatGPT. With al…
Substantial cut in Ukraine’s exports through the safe passage and subsequent re-direction of exports through alternate routes will likely exacerbate the subdued dry bulk market. Additionally, a large quantity of Ukraine’s grain will end up in EU, while…
End of the Black Sea Initiative: For Bad or Worse? Read More »
As the shipping industry, but also the IMO is facing increased pressure towards its decarbonization goals, it’s important to note that reaching consensus among all member states, is proving to be rather difficult, as some blocs (like for example China …
Divisions Among Countries Hindering Shipping’s Decarbonization Read More »
The Greek-owned fleet grew in size during 2022, but as newbuilding deliveries dwindled, so did its age. In fact the average age now stands at its highest point of the last decade. In the latest report, published from Petrofin Research, is noted a relat…
Hellas: The Shipping Fleet Grew in Both Size and Age During 2022 Read More »
Capesize The Pacific market this week was marked by overall sluggishness, experiencing limited activity. The presence of two out of the three major players failed to stimulate trading volumes, leading to stagnant and lacklustre market conditions. Rates…
Dry Bulk Market: Capesize Market Gradually Stabilizing Read More »