As the shipping and shipbuilding industry makes great strides in digitalization, there are more opportunities for classification to streamline and accelerate its approval processes where the use of 3D models instead of drawings has become a reality. To…
A new, open industry standard for 3D model-based class approval Read More »
The tanker market seems to finally be heading out of the storm, but still 2021 proved to be a rather challenging year. In its latest weekly report, shipbroker Gibson said that “although freight levels in some shipping sectors reached breath-taking high…
2021: A Year to Forget for the Tanker Market Read More »
We thought it might take 6 months for crude to fall $10, but it only took a few days! Things tend happen a lot faster in the market than we typically expect, and the past month has definitely been one of those periods. In mid-November we wrote about pr…
Not all price falls are equal, and certainly not in bunkers Read More »
Capesize The Capesize market moved sharply lower this week with both the overall index and the average of the five timecharter routes declining over 2100 points and $17,422, compared with last Friday, closing the week at 2727 and $22,613 respectively. …
Dry Bulk Market: Capesize Market Has Worst Week in Years Read More »
LNG bunker fuels are gaining traction as a way to reduce emissions “right here and right now” among many members of the shipping community. However, it’s only ever going to be a bridging fuel. In its latest weekly report, Gibson said that “the world is…
LNG Bunker Fuels Are Only Transitionary: Will Hydrogen Take Over in the Long Run? Read More »