In a world driven by connectivity and digitalisation, the maritime industry is not immune to the growing threat of cyberattacks. A recent report by Thetius, law firm HFW, and maritime cybersecurity company CyberOwl reveals a sobering truth: the average…
Rising threat of maritime cyberattacks Read More »
The third week of October saw a noticeable improvement in market sentiment in the crude oil freight sector. At the same time, we have observed an increase of rates in the clean tanker segment. This upswing can be attributed to the new geopolitical cris…
The Global Maritime Forum has identified five key action areas to improve the operational efficiency of vessels. The implementation of operational efficiency strategies plays a critical role in reducing shipping emissions today, while also preparing th…
At the start of October, the capesize order book was at 20 million DWT, a mere 5% of the capesize fleet. The contracting of newbuild capesize ships has gradually decreased since its peak in 2013 and only 5 million DWT were contracted so far in 2023, do…
Capesize order book slips to 5% of fleet as contracting falls Read More »
The third week of October witnessed robust Capesize Brazil to China freight rates, as indicated in the chart above. Furthermore, the demand in tonne days exhibited a noteworthy surge in recent days. Nevertheless, the recent uptick in the number of ball…