After months of financial constraints, things could soon start improving for ship recyclers in Bangladesh and Pakistan. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “there have been rumours circulating this week that the fin…
Ship Recycling Market Looking for Letter of Credits Relief Read More »
The West has remained relatively unified and measures such as the oil price cap are working: the average monthly number of tankers that had a port call in Russia and subsequently called port in the U.S./EU/UK decreased by 34% post-invasion. But countri…
The Impact Of Russia’s Year-Long Invasion On The Maritime Ecosystem & Global Economy Read More »
The decarbonization of international shipping is a priority for IMO and by mid-2023, the organization aims to have in place a revised and strengthened Strategy on Reduction of GHG Emissions from Ships. A new IMO project aims to provide an assessment of…
Future Fuels and Technology Project to inform GHG Strategy update Read More »
There could be a shift in fortunes in completely opposite directions for various parts of the product tanker market in the weeks to come. In its latest weekly report, shipbroker Intermodal said that “with the Western sanctions on Russia’s oil products …
Product Tankers: Mixed Fortunes for MRs and LR2s Read More »
In our recently published addendum to Financial Health Check, we have reassessed container industry prospects and profitability in view of changes in market dynamics. Amid falling spot freight rates, we have significantly reduced the industry profitabi…
Container shipping stock prices resilient despite falling spot rates Read More »