Just as the maritime industry underpins global trade, seafarers across the world ensure that the shipping sector remains afloat. Since international voyages can span weeks or months, employees on ships often don’t return home for long periods. Receivin…
Enabling Smooth Payments for Seafarers During Times of Crisis Read More »
The third week of July sustained the downward trend of freight market rates of the previous days of July, however, signs of an upward trend were recorded in the Panamax Continent to Far East rates. On the supply side, the number of ballast ships increa…
Iron ore and coal dry bulk flows to China daily (25d MA) above year-earlier level Read More »
The ship recycling activity has been slow so far, with minimal transactions. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “market conditions are rather sluggish this week where few, if any, transactions are being negotiated,…
Ship Recycling Bogged Down as Monsoon Period is in Full Swing Read More »
Shipowners face an ultimatum this year – upgrade their Carbon Intensity Indicator (CII) technology to comply with new laws or scrap their vessel. CII data from the previous year must have been calculated and reported to the Data Collection System…
In an increasingly complex world with multiple challenges, HD Hyundai has decided to transform from a shipbuilder to a high-tech-focused “future builder” company developing solutions for decarbonization and digitalization. When Hyundai Heavy Industries…
From heavy industries to high-tech: HD Hyundai turns the page Read More »