The net zero targets of major container shipping lines are much ambitious than the International Maritime Organization, which is under pressure to follow their lead. The following is an extract from Drewry’s latest Container Forecaster report, just pub…
Destination net zero Read More »
The extent of illegal recruitment fees and charges being levied on seafarers, in violation of the Maritime Labour Convention, has been revealed in a research report and survey produced by Liverpool John Moores University (LJMU) and leading maritime wel…
Report reveals extent of illegal fees for seafarer recruitment Read More »
Capesize Throughout the week, the Capesize market experienced mixed dynamics. Monday began with a relatively active start as the major players fixed cargoes from West Australia to China, alongside tender and operator cargoes. However, rates softened sl…
Dry Bulk Market: Capesize Market in Mixed Mode Read More »
In recent years the world fleet of bulk carriers has become noticeably older, with the average age increasing by about a third, amid very low scrapping. This ‘maturing’ vessel longevity trend may continue in the near future, although further ahead tigh…
An ageing bulk carrier fleet Read More »
“In 2022, Chinese shipyards reached a market share of 47% and for the first time exceeded the combined market share of Japanese and South Korean shipyards,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO. Ships delivered to new owners by Chinese…
Chinese shipyards hit record 47% market share in 2022 Read More »