As we enter the last month of 2024, the market developments are somewhat mixed. Spot rates are strengthening on the Asia to Europe markets. The growth in weekly offered capacity compared to last year is quite significant and hence the strengthening of …
FBX Index November 2024: A mixed bag Read More »
In a significant move, US president-elect announced plans to impose a 25% tariff on all imports from Canada and Mexico starting 20 January 2025 and increase tariffs by 10% on Chinese goods; there could be more announcements in times to come. These tari…
US plans major trade tariffs: Potential impacts on dry bulk and shifting trade patterns Read More »
Introduction It’s very apparent, global shipping’s drive to decarbonise is well underway. The ship-building profile is changing dramatically, highlighted by the 2023 order book showing 539 new builds capable of running on low-to-zero carbon fuels, bein…
Methanol as a marine fuel Read More »
Capesize The Capesize market faced a challenging week, with the BCI 5TC steadily declining, shedding $3,909 across the week to close at $12,727, reflecting subdued sentiment and oversupply of tonnage in both basins. While the Pacific saw intermittent i…
Dry Bulk Market: Capesize Market Faced a Difficult Week Read More »
Awareness of cyber risk and investment in cybersecurity have grown rapidly. THE RATE OF ATTACKS IS INCREASING RAPIDLY Cyber criminals have the maritime industry in their sights. DNV’s new survey of industry professionals finds that one in three (31%) e…
Cybersecurity moves up the maritime agenda Read More »