Capesize The Capesize market endured a somewhat traditional post-holiday Q1 drop as the 5TC descended -7760 over the week to settle at $12,407. Trading activity was relatively quiet over the week as news from Brazil reported high rainfall affecting min…
Dry Bulk Market: Capesize Market Retreats at the Start of 2022 Read More »
The past decade has seen significant progress in shipping safety as the number of vessel casualties has declined at the same time as the size of the global fleet has grown, according to analysis from Lloyd’s List Intelligence and DNV. But it also highl…
“No room for complacency” despite advancement in shipping safety Read More »
OPEC+ decided to maintain its higher crude oil production during the month of February, a move which is expected to support the crude tanker market in the short term. In its latest weekly report, shipbroker Gibson said that “the first key item on the a…
Tankers Expected to Benefit From Latest OPEC+ Decision Read More »
Capesize The Capesize Baltic index returned from year-end holidays this week and immediately saw activity coming from the usual West Australia iron ore flow. Closing out 2021 at $19,176 the Cape 5TC ended its first week in 2022 at $20,167. Initial move…
Dry Bulk Market: Capesize Enters 2022 With Positive Momentum From the Iron Ore Market Read More »
As the shipping and shipbuilding industry makes great strides in digitalization, there are more opportunities for classification to streamline and accelerate its approval processes where the use of 3D models instead of drawings has become a reality. To…
A new, open industry standard for 3D model-based class approval Read More »