Shipping industry behemoths are actively joining forces to reduce their environmental impact. It’s a move which could have major implications for shipping moving forward. In its latest weekly report, shipbroker Gibson said that “whilst we all know that…
Shipping Gets Together to Reduce Emissions Read More »
Capesize The Capesize market continued to decline this week, albeit at a more gradual pace, as tonnage demand has become lacklustre to close out the year. The end of the week brought about a small uptick of +244 to settle the Capesize 5TC at $14,421, p…
Dry Bulk Market: Capesize Segment Still Under Pressure Read More »
Expected rise in demand for carbon-neutral LNG under decarbonisation goals pushes the sector to reduce CO2 emissions, driving advancement in LNG shipping. Total recently shipped its first carbon-neutral LNG cargo sourced from Australia’s Ichthys LNG to…
LNG inching towards carbon neutrality Read More »
India is gearing up to become a major player in seaborne oil demand, offering a valuable boost in the tanker market. In its latest weekly report, shipbroker Gibson said that “like most nations, Indian oil demand has come under considerable pressure in …
India Bound to Make Waves In the Tanker Market Read More »
Capesize The Capesize market was grasping for a bullish story this week as a possible mid-week rally fell flat. Following that, rates collapsed down to $15,550 on the Capesize 5TC, a drop of $3,199 for the week. Positive news of Vale’s increased produc…
Dry Bulk Market: Capesize Market In Reverse Mode Read More »