Tanker demolitions have not kept up with last year’s pace, adding to fears that a market recovery could take longer to take place. In its latest weekly report, shipbroker Gibson said that “since the beginning of last year less than 60 tankers over 25,0…
Tankers: Scrapping At Half of Last Year’s Level Read More »
Capesize Firm trading activity this week has pushed the Capesize 5TC up and over the $30000 level, reaching near new highs for the year. With the momentum and excitement in the market seen closing out the week there looks to be more to come. The Pacifi…
Dry Bulk Market: Capesizes Rally Ahead of Chinese Holiday Read More »
The destination for decarbonization is already set as the International Maritime Organization (IMO) has made the large-scale development and deployment of carbon-neutral fuels a core part of its long-term strategy. The Poseidon Principles signed by maj…
Scenario modelling shows possible decarbonization pathways Read More »
Shipping will need to settle on the desired combination of fuels and technologies needed, in order to achieve the goals of decarbonization needed. As such, ammonia is gaining traction a true next-gen fuel in this respect. In its latest weekly report, s…
Ammonia Could Be Shipping’s Next-Gen Fuel of the Future Read More »
Capesize After the past few weeks of rates snaking sideways while softening, the Capesize market took on a clear and decisive upward trajectory these past few days. The Capesize 5TC gained over 50% in value opening the week at $15,761 to settle Friday …
Dry Bulk Market: Capesizes Gained 50% This Past Week Read More »