Salaries are rising by at least 10% as the crew employment market tips in the favour of seafarers, reveals Danica Crewing Specialists as it announces the findings of its 2023 Seafarers’ Survey. Across senior officer ranks salaries have increased some 1…
Capesize The week commenced with a subdued market due to Singapore’s Diwali holiday. However, the Pacific region saw a positive turn on Tuesday, marked by increased trading volumes and improved fixtures on C5, supported by a solid volume of coal …
Dry Bulk Market: Capesizes On a Roll Read More »
A progress report from the Silk Alliance projects a strong and increasing demand for methanol and ammonia from 2030 onwards. It estimates more than 3 million tonnes of clean methanol and a minimum of 280,000 tonnes of clean ammonia will be required by …
As the shipping industry confronts the climate challenge, the evolution of business models becomes imperative, according to Danish Ship Finance. In its latest Shipping Market Review, the shipping loan provider warned that traditional tonnage providers …
Evolution of shipping’s commercial models Read More »
The European Parliament and the Council have reached an agreement on updated and more efficient rules for waste shipments. Of special relevance to the shipping community, this new agreement will make it possible to responsibly recycle EU-flagged ships …