The tanker market has experienced significant downward pressure so far in 2023, but this hasn’t affected ship prices as much. In its latest weekly report, shipbroker Xclusiv said that “one of the most discussed EU measures against Russia is the sanctio…
Tankers: Rates Fall, While Ships’ Prices Keep Their Cool Read More »
The shipping industry is facing a pressing challenge: the need to decarbonise and reduce its impact on climate change. As regulators push for stricter environmental standards, the use of biofuels in shipping has emerged as a promising solution. Biofuel…
Sustainable bio-path towards decarbonization Read More »
Transit times and productivity are back to normal at USWC ports, and with a new labour agreement finally in place between the PMA and ILWU, the ports are set for a normal peak season – all that’s missing are the volumes. But potential cargo diversion f…
Risk of rising congestion looms at San Pedro Bay ports Read More »
Newbuilding activity grew this past week, with more orders being reported. In its latest weekly report, shipbroker Allied said that “Dynacom’s ordering stole the show this week, as news of additional contracting came to light along with confirmation of…
More Newbuilding Orders Reported, as Greek Ship Owners Are Making Moves Read More »
As the third week of July unfolded, crude oil market rates continued to grapple with negative pressure, compounded by a noticeable increase in the supply of crude oil tankers. The demand for Very Large Crude Carriers (VLCC) tonne miles experienced a sh…