The export tariffs were implemented in May to boost domestic supplies of iron ore and combat inflation. By May, domestic and global steel prices had already started to fall due to the energy crisis and worsening global economic conditions. The governme…
Demolition prices slip to USD 525 per LDT in India despite policy change Read More »
With the year coming to an end, analysts are anticipating an elevated number of newbuilding orders, as owners will look to conclude more deals. In its latest weekly report, shipbroker Allied Shipbroking said that “the volume of newbuilding orders appea…
More Newbuilding Orders Could be on the Way Read More »
European shipowners welcome the outcome of yesterday’s trilogue negotiation and the provisional agreement on the EU ETS maritime. The Parliament and the Council have embraced the calls of the industry stakeholders to earmark EU ETS revenues back to the…
Long-term ocean freight rates suffered a steep month-on-month decline in November as subdued spot prices, weak demand, and ongoing economic uncertainty caught up with contracted container agreements. The latest data from the Xeneta Shipping Index (XSI®…
The ship recycling market has remained subdued over the course of the past week, solidifying the general market negativity of the past few weeks. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “the steel markets continue to fa…
Rate Uncertainty Rules the Ship Recycling Market Read More »