January proved to be a dramatic month for long-term ocean freight rates, with the latest data from the Xeneta Shipping Index (XSI®) showing the largest ever month-on-month declines. According to the XSI®, which is based on crowd-sourced data from leadi…
The 9th session of the IMO’s Sub-Committee on Ship Design and Construction (SDC 9) was held from 23 to 27 January. SDC 9 agreed to extend the requirements for on-board emergency towing devices to all ships over 20,000 gross tonnage to reduce the risk o…
IMO Sub-committee On Ship Design And Construction (SDC 9) Read More »
Capesize The Capesize timecharter average (5TC) lost more than 50% of its value since the middle of last week. The spot rates in both basins continued their descent throughout the week after the lunar New Year holidays. The 5TC closed the week at $4,43…
Dry Bulk Market: Capesizes Down More Than 50% in the Space of 10 Days Read More »
Investors in middle aged dry bulk tonnage may be cheered by the impact of sustained higher recycled steel values, according to research commissioned by the Baltic Exchange. Analysis of the dry bulk carrier values undertaken by consultancy Zuoz Industri…
Shipping investment: Will higher steel values mean dry bulk carriers hold their value? Read More »
The number of ice class Aframax Tanker transactions that took place in 2022 increased by 140% year on year. The majority of sales took place in the second half of the year and the average age of vessels sold was 15 years. Values for this sector have in…
Ice class Tankers are the talk of the town Read More »