The Capesize market rates for the Brazil to North China route have softened, yet rising iron ore exports from Brazil, particularly after a strong third quarter, and increasing port congestion suggest potential upward pressure on rates. September saw a …
Dry Bulk Iron Ore Flows, Brazil Port Congestion, Market Rates Read More »
Digitalisation is sweeping all aspects of the maritime sector. From investment decisions to day-to-day operations, high-quality and reliable data is becoming a hallmark for shipping players as they look to become more efficient. New platforms that take…
Shipping invoicing is set for digital makeover Read More »
The widely used memorandum of agreement (MOA) for the sale of ships on BIMCO’s Norwegian Saleform (2012 version) (NSF 2012) provides that the buyer may cancel the MOA and recover its deposit if the seller fails to tender notice of readiness (NOR) or to…
Better late than never Read More »
To the uninitiated, the concept of carbon capture and storage (CCS) can be hard to understand, complex, and remote even though it has been used effectively in the US energy business since the 1970s and in Norway since 1996 at the Sleipner field. Accord…
Accelerated uptake of carbon capture unlocks shipping opportunity Read More »
Drewry expects 66 LNG carriers (LNGCs) to join the fleet this year, while 94 LNGCs are scheduled to be delivered in 2025, inflating the fleet amid easing vessel demand due to limited new capacity addition. LNG shipping is poised for a balanced market, …
LNG shipping battles fleet expansion, but rates to revive from 2026-27 Read More »