The tanker market is expected to continue being influenced by the structural shift of seaborne oil flows. In its latest weekly report, shipbroker Intermodal said that “rumor has it that the New Year has come, to set the pace in, for Russia to continue …
Asian Markets Are Dominating Russian Crude Trades Read More »
While global newbuild order volumes fell (20% y-o-y in CGT terms), 2022 was still an active year for the global shipbuilding industry with higher pricing (up 15% on average), more complex ships ordered (e.g. a record 182 LNG orders of $39bn) and altern…
Shipbuilding Review 2022: Record Orders For Alternative Fuel Orders Read More »
Shipping contributes to around 3% of global emissions and is highly energy intensive. As part of wider decarbonization goals, logistics companies are turning towards the twin transition – the aligned acceleration of digital and sustainability agendas. …
Sailing towards the twin transition: How shipping can use digital to decarbonize Read More »
Regulatory pressure on shipping to further move towards emissions reduction, is only going to get higher as months go by, with 2023 expected to be a key year towards this. In its latest weekly report, shipbroker Gibson said that “with much of 2022 bein…
Revised IMO GHG Reduction Strategy Could Be Coming Sooner, Rather Than Later Read More »
Capesize The Capesize market had a positive opening on Monday followed by consecutive declines on the timecharter routes. The Cape5TC fell over $2,000 this week, settling a tick above the $10,000 threshold on Friday. A few period fixtures were reported…
Dry Bulk Market: Capesizes Endure Significant Losses Read More »