Russia’s crude oil export routes are in a state of constant flux, as the exporter is shifting volumes to other clients/countries, China being one of the main ones. As such, the importance of alternative and more cost-effective routes is increasing. In …
Capesize The Capesize market observed a shortened trading week due to the public holiday in the UK on Monday and another in Singapore on Friday. Trading in the Pacific region displayed consistent volumes throughout the week. The presence of all three m…
Dry Bulk Market: Capesize Market Trading Down in UK and Singapore Holidays This Week Read More »
With the accessions of Bangladesh and Liberia as contract parties, the Hong Kong Convention (“HKC”) will enter into force in 2025. The HKC applies to ships flying the flag of a contract party and ship recycling facilities (“SRFs”) under the jurisdictio…
The Hong Kong Convention, EU regulation and outstanding legal issues in various states Read More »
The ship recycling activity has fallen by almost 14% so far this year, according to data from Xclusiv Shipbrokers. This, despite the fact that prices haven’t fallen that much in Southeast Asia. In its latest weekly report, the shipbroker said that “des…
Ship Recycling Down 14% So Far This Year Read More »
The maritime sector is experiencing a remarkable shift with the emergence of hybrid ships as one solution to achieving net zero in shipping. In a paper, marine technology specialist Wärtsilä examines the latest trends shaping the course of hybrid ship …
Hybrid progress increases shipowner options Read More »