Faced with tough competition for greener fuels from other sectors, new 2030 maritime emission targets hang in the balance. According to the latest edition of DNV‘s Maritime Forecast to 2050 the shipping industry will find it challenging to secure enoug…
Shipping in ‘decisive decade’ to meet tighter emission targets Read More »
The first week of September brings a downward movement in crude oil freight rates and a continued downward trend in VLCC tonne days demand growth. MEG -Rates for China have now fallen to their lowest levels since the beginning of this year, but there i…
The shipping market had a mixed performance over the summer period. In its latest weekly report, shipbroker Xclusiv Shipbrokers said that “summer moved on and September is “ante portas” but things remain quite unchanged. The Chinese economy is still st…
Shipping Markets: Summer Was a Mixed Bag Read More »
As September began, freight rates continued to remain firm, as recorded at the end of the summer season. However, the Capesize segment remained under downward pressure. On the other hand, the Panamax and Handysize vessel freight rates showed an upturn….
Maritime’s voyage to decarbonisation is underway, with shipping companies exploring technologies that harness wind, waves and even air bubbles to ensure their ships burn less fuel. Improved vessel design is making ships more efficient and safer for sea…
Actionable data is key to reducing shipping’s carbon footprint Read More »