Bulkers have seen a fall in values across the board this year, but the smaller sizes have seen the most dramatic decrease in asset prices. Values for five year old Supramaxes have fallen by c. 12% from USD 30.3 mil in January to USD 26.74 mil today. So…
Supramax values continue to fall Read More »
The dry bulk market is expected to remain in bearish territory for the next few months analysts claim. In its latest weekly report, shipbroker Allied said that “there has been a fair amount of distress noted in the dry bulk sector for some time now. Fo…
Dry Bulk Earnings Expected to Remain Subdued for the Time Being Read More »
Digital solutions that offer progress on decarbonisation are now “amongst the most prolific and persistent requirements” for Maersk Supply Service, according to Kasper Thiesen, Head of IT, as the offshore support vessel operator and solutions provider …
Digital Headway On Decarbonisation Read More »
On 8 June 2022, the European Union (EU) decided to impose a ban on seaborne imports of Russian crude oil and oil products. The ban on crude oil will take effect on 5 December and by then the EU must have found new suppliers and Russia must find new buy…
Two weeks before ban, EU still imports 15% of crude oil from Russia Read More »
Newbuilding ordering activity kept up its rising trend over the course of the previous week. In its latest weekly report, shipbroker Allied Shipbroking said that “newbuilding market activity was kept at firm levels during the past week given the fair f…
Newbuilding Activity Picks Up Read More »