“In the first quarter of 2024, global iron ore shipments rose 3.8% y/y on expectation of strong Chinese steel production which, however, failed to materialise. Iron ore supply has grown faster than Chinese demand which could lead to weaker shipments ah…
Iron ore shipments up 3.8% despite weak Chinese demand Read More »
LNG shipping is undergoing major shifts since the start of 2024. In its latest weekly report, shipbroker Intermodal said that “during Q1 of 2024, the LNG shipping market experienced major disruptions and shifts that significantly altered global trade r…
LNG Shipping: High Supply Suppresses Rates as Trade Routes Shift Read More »
IBIA – The International Bunker Industry Association and BIMCO have signed a Memorandum of Understanding (MoU) to collaborate on some of the monumental challenges and opportunities within the areas of bunker, marine energy and maritime sectors an…
IBIA and BIMCO team up to collaborate on fuel and maritime challenges Read More »
New requirements will come into force from 29 April at the ports of Melbourne and Geelong for vessels equipped with a mechanical or software-based engine or shaft power limiter in accordance with IMO requirements. As stated in the Ports Victoria Operat…
New requirements for vessels with engine or shaft power limiters Read More »
The crude tanker market could be set for a positive future, as ton-mile demand is about to increase. In its latest weekly report, shipbroker Gibson said that “earlier this month the IEA released its monthly oil report, offering for the first time their…
Crude Tanker Market Fundamentals Looking Healthy Read More »