The phenomenon known as Parametric Rolling Movement (PRM) can cause a ship to roll at extreme angles of up to 30-40 degrees or more and may in extreme cases lead to capsizing of the vessel. PRM mainly affects modern container vessels and car carriers w…
Parametric Rolling Movement Read More »
The tanker market could keep receiving short-term boosts, as a result of climate change. In its latest weekly report, shipbroker Gibson said that “as hurricanes and storms become increasingly more severe due to climate change and warming sea temperatur…
Climate Change Could Help Tanker Market With Short-Term Freight Rate Boost Read More »
Capesize The Capesize market crested over the past week as the 5TC retracted $4452 since last Friday to close out at $46,647. The north Atlantic basin, largely inactive over the past several months, has surged since mid-August settling today at $52,099…
Dry Bulk Market Goes From Strength to Strength Read More »
It’s an age-old joke that has brought resentment from horses and word play aficionados alike, but to a certain extent it’s useful in expressing what has been going on in a couple of markets. Carbon emissions and steel walk into a bar. The barman looks …
Carbon and Steel Walk into a Bar Read More »
Despite elevated ldt prices for ship scrapping, vintage tanker tonnage and more particularly VLCCs, have remained far from the scrapyards so far in 2021, adding to the supply side of a lackluster tanker market. In its latest weekly report, shipbroker G…
Just Five Older VLCCs Have Been Scrapped During 2021 Read More »