“In 2023, the container market grew 0.2% year-on-year, ending at 173.8 million TEU. Compared to 2019, before the COVID pandemic hit, the market grew 1.5%. Container market growth has lagged behind overall economic development significantly, as the worl…
Container market grows a modest 0.2% y/y in 2023 as the fleet swells Read More »
A lack of tonnage and sluggish activity throughout, has continued to be the norm in the ship recycling market over the past week, although there has been a slight shift of momentum in some markets. In its latest weekly report, Best Oasis (www.best-oasi…
Ship Recycling Market Still Plagued By Lack of Available Tonnage Read More »
Further to our previous articles on the EU’s Emission Trading System (ETS), shipping companies have now been informed which Administering Authority they will have to deal with when surrendering their EU emission allowances (EUAs). On 31 January 2024, a…
EU ETS: Shipping companies now know who to deal with Read More »
In June 2023, rules for bringing the maritime sector into the EU’s Emissions Trading Scheme (the “EU ETS”) came into force. All Member States (except one) have failed to transpose this legislation by the December 2023 deadline, but the obligations on t…
The LNG shipping market could be headed towards a softer era, in terms of the level of freight rates, as supply dynamics are expected to make an impact. In its latest weekly report, shipbroker Intermodal said that “the Biden administration’s deci…
LNG Shipping Rates Could Soften in the Years to Come Read More »