Tanker market rates have erupted, as a result of the increase in geopolitical tensions in the Mediterranean region. In a recent weekly report, shipbroker Intermodal said that “in a week characterized by a 1.8% drop in Brent crude prices and a slight 0….
Tanker Rates Erupt in Tandem With Geopolitical Tensions Read More »
“The global fleet of cargo carrying ships consists of around 61,000 ships with a deadweight capacity of about 2,200 million tonnes. The ships owned by Greek and Chinese shipping companies contribute 34% of the total fleet’s deadweight tonne capacity,” …
Greek and Chinese companies own 34% of the global fleet’s cargo capacity Read More »
During the second week of November, freight rates showed a weaker outlook due to the lack of adequate support from demand growth rates. Additionally, the number of ballasters for Capesize vessels in Southeast Africa has notably increased over the past …
Greek ship owners have placed more tanker newbuilding orders this week. In its latest weekly report, shipbroker Allied Shipbroking said that “in the tanker sector, Greeks accounted for the majority of deals as they continue to lead way in tanker contra…
Greek Ship Owners Place More Newbuilding Orders Read More »
As we reported in April this year, the EU emissions trading scheme (the EU ETS) is expanding to include the shipping industry. With 2024, the first year in which vessel emissions will be included with in the scope of the EU ETS, just around the corner,…
The EU ETS And Shipping: A Bumpy Ride Ahead? Read More »