For all the criticism and discussion around MEPC 80 this year, the IMO’s landmark environmental committee has given us one thing: the commitment to achieve net-zero emissions by around 2050 creates a clear sense of direction for an industry often criti…
Capesizes Closing at $27,591 the Capesize TC average maintained similar levels week-on-week, however large gains were seen on Monday when the spot rate climbed close to $29,000, but neither Atlantic nor Pacific basin was lending much of the support by …
Dry Bulk Market: Capesizes Keep Going Strong Read More »
Overview The shipping industry is facing an increase in new regulations from the International Maritime Organization (IMO) and the European Union (EU) and an increase in the urgency to decarbonise. To support the industry, BIMCO has developed a new CII…
BIMCO adopts new CII clause for Voyage Charter Parties Read More »
After the surge in output of 2021, the past 18 months have proved particularly challenging for Chinese box builders with the production of dry freight standard containers, especially 40ft high-cubes, falling sharply. Globally, high levels of inflation …
Special shipping containers provide some hope for container manufacturers Read More »
In the second week of October, the VLCC MEG-China route is trending upward. However, the sustainability of this positive trend remains uncertain due to mounting concerns stemming from geopolitical tensions that are casting a shadow over the energy sect…
Downward revision of the number of MR ships, but still longer waiting times in the south Read More »