On 7 April 2022, Frontline Limited (FRO) and Euronav NV (EURN) announced that the companies are in the process of a merger that would create a global leader in the tanker shipping market. FRO will acquire all 201.7mn of issued and outstanding EURN shar…
Despite months of softening on the backhaul North Europe to Far East trade, with rates on the spot market closing in on USD 1 000 per FEU for normal-dry containers, spot rates for reefer containers on this trade have been stable since early 2021, avera…
Reefer Rates From North Europe To Far East: First signs of easing for long-term rates Read More »
A new report by UMAS, commissioned by The Ocean Conservancy titled “The Maritime Fleet of the USA—the current status and potential for the future” shows, for the first time, the scale of U.S. shipping fleet emissions and opportunities to decarbonise th…
Recent increases in hull and machinery (H&M) premiums are set to be repeated and some owners will face further significant insurance cost increases in 2022/23, as restructuring and re-pricing of the H&M market consolidates and syndicates contin…
Hardening H&M insurance market to stoke higher ship opex inflation Read More »
The COP26 summit in Glasgow in November highlighted the increasing pressure for all industries, including the shipping industry, to decarbonize. The challenge for the Australian petroleum industry and other major users of deep-sea shipping will be to s…
Industry partnerships key to decarbonizing the commodity value chain Read More »