Optimism is still the prevailing feeling in the shipping market, although the start of 2023 could be better. In its latest weekly report, shipbroker Xclusiv said that “as we entered 2023, inflation is still here. Some countries still struggle to tame t…
Positive Sentiment in Shipping Still the Norm, Despite Rocky Start to 2023 Read More »
The global shortage of labour – skilled or otherwise – has imposed a new set of strategic priorities upon employers. Shipping is no exception. In fact, it is one of those industries most at risk from a shortfall, both at sea and ashore. Countless other…
The right people will futureproof maritime businesses Read More »
2023 has marked a change in fortunes for ocean freight rates from North Europe to the US East Coast, with both spot and long-term contracted prices falling by around 10% since the start of the year. According to the latest data from Oslo’s Xeneta, long…
Transatlantic Trouble As Extra Capacity Undermines Freight Rates Read More »
Newbuilding activity for 2023 has began to pick up the pace, with the main focus, so far, being orders on Chinese shipyards, mainly for dry bulk carriers. In its latest weekly report, shipbroker Allied Shipbroking said that “newbuilding orders over rec…
Newbuilding Orders for Chinese-Built Dry Bulk Carriers On the Rise Read More »
Now that we have closed the books on 2022, we are looking back at a year of. The year began with high expectations of a long-awaited VLCC market recovery, and although the recovery was slow to kick off in the VLCC space, the year ended on a high. 2022 …
2022 in review: the year of the VLCC market recovery Read More »