Ship owners are looking to minimize time spent on ship repair/maintenance, in order to avoid losing out to a surging freight market. However, the task is extremely hard, given that COVID has wreaked havoc on yards’ scheduling and time frames. In its la…
2021 so far has been a ground breaking year for the shipping industry and global Trade flows, as the world recovers from the onset of the Covid pandemic last year. This half year review will use VesselsValue Trade data to delve into some of the reasons…
A Groundbreaking First Half For Shipping Read More »
Record volume at US cargo ports has led much stronger financial performance than pandemic expectations, Fitch Ratings says. However, maintaining operational efficiency is more challenging as bottlenecks increase due to pressured supply chains, mismatch…
Record US Cargo Port Volumes Cause Bottlenecks, Boost Revenue Read More »
Newbuilding orders have been rather firm over the past week, with many owners committing funds to acquire more LNG and Container ships. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “in the gas carrier market, it was another …
Ship Owners Order more Container Ships and LNG Carriers Read More »
Launched yesterday, the new Seafarer Workforce Report from BIMCO and the International Chamber of Shipping warns that the industry must significantly increase training and recruitment levels if it is to avoid a serious shortage in the total supply of o…
New BIMCO/ICS Seafarer Workforce Report warns of serious potential officer shortage Read More »