The IMO’s Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships 2009 (Hong Kong Convention) will enter into force on June 26, 2025. Whilst the ratification of the Hong Kong Convention is a positive development and…
Ironing out ship recycling wrinkles Read More »
Global shipping regulators will soon have to decide whether and how to penalise the use of fossil fuel and whether and how to incentivise the use of greener fuel. Drewry provides a short analysis and comparison of policy discussions, including their po…
IMO ponders new GHG policies, while shipping sector awaits low-carbon economic incentive Read More »
Global shipping companies’ short-term profitability will benefit from increased freight rates, which exceed the costs of re-routing following persistent attacks on commercial vessels in the Red Sea, Fitch Ratings says. We do not expect structural shift…
Red Sea Disruptions Benefit Shipping Companies’ Near-Term Profitability Read More »
The onset of March has brought firmness in freight rates not only for large vessel size categories but also for smaller ones, with the Handysize NOPAC Far East route recording remarkable increases from the previous month. Meanwhile, in the Capesize Bra…
“In the first two months of 2024, crude tanker newbuild contracting surged to 7.4 m DWT, a 490% leap y/y, due to a rise in orders for very large crude carriers – VLCCs. A notable 19 VLCCs were ordered, already surpassing the number of orders for this s…
Crude tanker newbuild contracting jumps 490% as VLCC orders gain pace Read More »