The oceans have long been central to global trade, but a recent directive from Washington is poised to transform them into a new frontier for mineral extraction, opening a potentially lucrative angle for the shipping industry. On April 24, 2025, Presid…
Critical minerals drive a boon for ship operators Read More »
The newbuilding market has kept on showing added momentum as more Greek owners were reportedly active last week. In its latest weekly report, shipbroker Banchero Costa said that “in the dry sector, Greek based company Dynacom exercised the option for 6…
Greek Owners More Active in the Newbuilding Market Read More »
Since the 1st of January 2025, shipowners have faced new, strict restrictions on greenhouse gas (GHG) intensity levels when calling in EU ports. Unlike previous regulations, FuelEU Maritime is enforced by hefty penalties for non-compliance, driving act…
Flettner rotors, green fuels and pools: The path forward for FuelEU Maritime compliance Read More »
“As the Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships (Hong Kong Convention) enters into force we have updated our estimate for the ship recycling potential over the next 10 years. We now estimate the pote…
Ship recycling could double to 16,000 ships over the next 10 years Read More »
The ship recycling market is trying to find a renewed sense of footing, as the transition towards HKC-compliance is underway, while geopolitical tensions flared once more, negatively impacting the market. In its latest weekly report, Best Oasis (www.be…
Ship Recycling Market Subdued Again Read More »