The range of spot rates being paid has increased alongside the fall of the average, as the highest spot rates have not fallen. The highest rate from the Far East to SAEC still stands at USD 14 350, while shippers paying the lowest rates are forking out…
New requirements for fuel oil sampling and testing have entered into force under the MARPOL Convention Annex VI, supporting the implementation and enforcement of the IMO 2020 0.50% limit for sulphur in ships’ fuel oil. The amendments are intended…
With decarbonisation much in the public eye, shipping is currently and perhaps belatedly trying to find the best pathway to carbon neutral fuels. Shipping greenhouse gas (GHG) emissions as a proportion of global GHG anthropogenic emissions increased fr…
Carbon neutral shipping – it all comes down to green hydrogen, and lots of it Read More »
A generational energy crisis has created the most challenging environment ever in which shipowners must make decisions about investing in tankers to transport energy commodities. The global pandemic, closely followed by Russia’s invasion of Ukraine, is…
Global tanker fleet struggles to break even Read More »
Capesize The Capesize market fared little better this week to begin with. However, by Friday green shoots were beginning to emerge as the 5TC saw a low of $13,596 yet closed at $15,460. The Atlantic basin remains the Achilles heel of the market with po…
Dry Bulk Market: Capesize Market Improves Read More »