90% of world trade – from bulk raw commodities to breakbulk and finished goods – is moved on approximately 60,000 trading ships, crewed by about 1.5 million seafarers. To most traders, the potential risks associated with any one of these vessels is an …
From starboard surprises to portside perils: Inherent risks in the shipping industry Read More »
The Swedish Club highlights an often-overlooked challenge faced by shipowners when it comes to cargo damage – shortage claims. The Club’s new publication, Bulker Focus: Carriage of Grains and Soya Beans, examines the complexities of transporting …
Hidden challenge for bulk carriers Read More »
In the third week of August, downward pressure continues on the VLCC MEG route to China, while Saudi Arabia’s crude oil exports to all destinations are expected to decline significantly over the summer compared to the previous two years. As shown…
Xeneta believes long-term ocean freight rates may have started bottoming out after around a year of persistent, often dramatic monthly falls. The Oslo-based benchmarking and market analytics company says the latest General Rates Increases (GRIs) from c…
Ship recycling is a complex and hazardous process as ships contain a wide range of hazardous materials and have intricate structures that include numerous compartments, systems, and components; also, ship recycling can have significant environmental re…
Navigating the recycling challenges of ship owners Read More »