New statutory requirements entered into force on 1 January 2023. From this date, it is mandatory for all ships to calculate their attained Energy Efficiency Existing Ship Index (EEXI), to measure their energy efficiency, and to start collecting data to…
EEXI and CII requirements taking effect from 1 January 2023 Read More »
Dirty freight rates in December fell from elevated levels as activities slowed ahead of seasonal holidays, with losses on almost all monitored routes, OPEC said in its latest weekly report. VLCCs showed the biggest decline on average, with spot freight…
Tanker Market Feel in December Read More »
The towage sector holds a unique position within the supply chain, carrying out an essential, though often underappreciated and overlooked service. As the shipping industry comes under new and increasing pressures – higher fuel costs, inflation and a g…
How tug operators can deliver high-quality services in a competitive market Read More »
A “polycrisis” of interrelated environmental, geopolitical and socioeconomic risks could have a profound effect on the supply of and demand for natural resources over the next ten years, according to a global risks report. “Severe commodity price shock…
Polycrisis to disrupt commodity supply and demand Read More »
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 »