MR values have hit the highest levels since Oct 2008. The current value for a five year old MR is up by c.45% from the start of the year, from USD 30.32 mil to USD 44.01 mil. Sales for this sector have increased by c.15% from last year and so far in 20…
MR values hit 14 year high Read More »
Gloomy prospects with increasing risks’ – a headline in UNCTAD’s latest Review of Maritime Transport (RMT) casts the die on shipping’s sombre outlook. Any recovery in maritime transportation and logistics is now “at risk” from the war in Ukraine, the c…
‘Gloomy prospects’, ‘losing steam’ – UNCTAD summarises shipping’s outlook Read More »
Japan In terms of fleet value, Japan has moved back up to 1st after falling to 2nd last year, currently owning a total of USD 196.6 bn in assets. This is an increase of c. USD 9 bn year on year and is largely due to the current boom in the LNG sector. …
Greece Retains Third Spot Among the Top 10 Shipowning Nations Pre Fleet Value Read More »
The export tariffs were implemented in May to boost domestic supplies of iron ore and combat inflation. By May, domestic and global steel prices had already started to fall due to the energy crisis and worsening global economic conditions. The governme…
Demolition prices slip to USD 525 per LDT in India despite policy change Read More »
European shipowners welcome the outcome of yesterday’s trilogue negotiation and the provisional agreement on the EU ETS maritime. The Parliament and the Council have embraced the calls of the industry stakeholders to earmark EU ETS revenues back to the…