In the first ten months of 2023, coal shipments to advanced economies fell by 17% y/y, as demand for electricity declined and the share of electricity produced using renewable energy rose. Also slowed economic activity and high energy prices affected e…
Coal shipments to advanced economies down 17% so far in 2023 Read More »
More newbuilding orders were submitted last week, as owners are eager to book more berths, ahead of a capacity overflow among major yards. In its latest weekly report, shipbroker Allied said that it was “another fairly busy week for contracting, with a…
Newbuilding Ordering Activity on the Rise Read More »
During the fourth week of November, larger ship categories maintained their stability from preceding days. Notably, the Panamax vessel size exhibited noteworthy gains. Meanwhile, the uncertainty surrounding a stronger momentum for the Capesize segment …
In the vast expanse of the world’s oceans, a transformation is underway. The international shipping sector, made up of thousands of massive cargo ships laden with many of the goods we buy, emits carbon dioxide (CO₂) roughly equivalent to the entire cou…
Sails And Satellite Navigation Could Cut Shipping Industry’s Emissions By Up To A Third Read More »
The ship recycling market has experienced slow activity as the Diwali festivities took over. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “this week, the recycling market remained fairly inactive as the Diwali festivities we…
Ship Recycling Enters “Slow Season” Mode Read More »