Surging container shipping cargo demand in the wake of the pandemic has resulted in a significant improvement in the global terminal capacity outlook, but this may not be sufficient to support forecast traffic levels, according to the latest Global Con…
Acceleration in port capacity investment insufficient to support cargo demand growth Read More »
As the drive to decarbonise shipping gains increasing momentum, and as incentives and pressure on shipowners to operate more efficient and greener ships mounts, a related spike in early retirement of ships difficult to decarbonise and which are losing …
Decarbonisation And Shipping: Ship Recycling – A Changing Landscape Read More »
Owners of the largest crude oil tankers stand to gain from the recent OPEC’s decision to increase production. In its latest weekly report, shipbroker Gibson said that ‘so, after several weeks of behind the scenes talks and political wrangling, the OPEC…
VLCC Owners Stand to Gain from OPEC’s Decision to Raise Crude Oil Production Read More »
Capesize The market drifted sideways lacking a strong directional lead most of the week, with gains towards the end the 5TC average settling at $32,469 to close the week, up almost $4,000. Looking closer at the regional feel the Transpacific C10 fortun…
Dry Bulk: Market Lacks Strong Upward Momentum Read More »
In a recent judgment of the English Commercial Court, The M/V Smart¹, which will be welcomed by owners, Mr Justice Butcher held that a shipowner could demand direct payment of freight under a bill of lading even though the bill of lading stated that th…