The tanker market continued its upward trend during the month of November, OPEC said in its monthly report, issued this week. Dirty freight rates continued to move higher in November, with strong gains on all monitored routes. Aframax rates saw the str…
OPEC: Tanker Rates Moved Higher in November Read More »
Capesize values have continued to soften. Values for ten year old vessels of 180,000 DWT are down by c.13% since the start of the year, from USD 33.07 mil to USD 28.82 mil. The continued fall in values comes as Bulker earnings remain under pressure, an…
Capesize values continue to soften Read More »
2022 was supposed to be the year of post-pandemic and post-lockdown re-openings, but – as ING’s global head of macro, Carsten Brzeski, says – it became the year of war, inflation, energy and commodity price crises, drought and floods. “The list o…
Ever-lengthening list of ‘unprecedented crises’ Read More »
With China’s economy slowdown and the COVID-related measures in flux, shipping and more importantly the dry bulk segment is under pressure. In its latest weekly report, shipbroker Allied Shipbroking said that “as China announced last week a series of w…
“If China Sneezes, Shipping Will Catch a Cold”: A Saying More Timely Than Ever Read More »
As digitalisation is gaining fast ground, the idea that cross-industry data sharing helps create a safer, cleaner and more efficient shipping is indisputable. In fact, less and less territory is being left uncharted when it comes to exploring the benef…
IMO: Digitalisation and regulatory framework of data sharing in the maritime industry Read More »