Ship owners have been quite active in the newbuilding market for yet another week. In its latest weekly report, shipbroker Banchero Costa said that “active and dynamic market, shipbuilders are experiencing very strong demand and the increasing number o…
Strong Newbuilding Ordering Momentum Evident in the Market Read More »
We expect the supply/demand balance to strengthen in 2024 and weaken in 2025. Supply is estimated to grow by 2-3% in 2024 and 1.5-2.5% in 2025, while demand is projected to grow by 2.5-3.5% in 2024 and stagnate in 2025. Overall, conditions in the dry b…
BIMCO: Dry Bulk Shipping Fundamentals Seen Improving Moving Forward Read More »
Booking the best cargo or the best vessel at the best possible rate is at the heart of the chartering and nominations functions. And yet, the ‘best’ decision can change—sometimes from hour to hour. Missing information can delay decision making and impa…
Older ships’ decommissioning is being negatively affected by the persisting supply chain disruptions. In its latest weekly report, Best Oasis (www.best-oasis.com), one of the leading cash buyers of ships globally, said that “Dubai recently experienced …
Global Supply Chain Disruptions Are Impacting Ship Recycling Read More »
Carbon Capture and Storage (CCS), a promising decarbonization method, requires a value chain for CO2 transport and storage to serve estimated future demands. DNV’s Mathias Sørhaug surveys the status, challenges and opportunities of CO2 shipping within …
Positive outlook for carbon shipping amid big push to solve technical challenges Read More »