In 2023, the International Maritime Organization (IMO) adopted a revised strategy that aims to reduce greenhouse gas (GHG) emissions from international shipping to net-zero by or around 2050. The strategy includes indicative checkpoints targeting a 20%…
Vision 2050: Fuel standards to align international shipping with the Paris Agreement Read More »
Using VesselsValue data, we break down the South Korean orderbook by number of vessels and market value, highlighting the top five owners within the orderbook, the percentage of the fleet being ordered with dual-fuel capabilities, and the top 10 owners…
South Korea’s orderbook tops $138 billion with LNG sector sweeping 52% Read More »
Shipbrokers are playing their part in the industry’s decarbonisation as it tussles with a tangle of emissions regulations, not least the EU Emissions Trading System (ETS) and FuelEU Maritime. Speaking at a joint Institute of Chartered Shipbrokers and B…
Carving out support roles for emissions regs Read More »
The Industry Associations of BIMCO, ICS, IMCA, INTERCARGO, INTERTANKO & OCIMF supported by over forty maritime stakeholders, have today released a consolidated and enhanced publication Best Management Practices (BMP) for Maritime Security (MS). As …
Maritime Industry Associations launch consolidated BMP Maritime Security publication Read More »
Capesize The Capesize market started the week on a firmer note but gradually softened as activity failed to gain momentum. The BCI 5TC began positively at $22,311 but declined steadily, closing the week at $20,503. In the Pacific, initial optimism driv…
Dry Bulk Market: Capesize Rates Gradually Softening Read More »