The International Chamber of Shipping (ICS), which represents over 80% of the world’s merchant fleet, and the International Bunker Industry Association (IBIA), which represents the global bunker industry, have submitted a joint proposal to the shipping…
Salaries are rising by at least 10% as the crew employment market tips in the favour of seafarers, reveals Danica Crewing Specialists as it announces the findings of its 2023 Seafarers’ Survey. Across senior officer ranks salaries have increased some 1…
European demand for product tankers could increase over the winter. In its latest weekly report, shipbroker Gibson said that “the European oil demand outlook is back in focus ahead of this winter, as continued macroeconomic developments cast a shadow o…
Long Range Tanker Rates Could Find Added Support This Coming Winter Read More »
Capesize The week commenced with a subdued market due to Singapore’s Diwali holiday. However, the Pacific region saw a positive turn on Tuesday, marked by increased trading volumes and improved fixtures on C5, supported by a solid volume of coal …
Dry Bulk Market: Capesizes On a Roll Read More »
A progress report from the Silk Alliance projects a strong and increasing demand for methanol and ammonia from 2030 onwards. It estimates more than 3 million tonnes of clean methanol and a minimum of 280,000 tonnes of clean ammonia will be required by …