Seafarer wage rates are set to accelerate in the face of worsening officer supply / demand imbalance. Sustained fleet growth will lead to the highest shortfall of officers to crew the world’s merchant fleet in over a decade by 2027, with important impl…
Seafarer costs to accelerate on rising officer shortfall Read More »
Container shipping is poised for another very strong year in 2022, but Fitch Ratings expects challenges in 2023, which could result in a test of the industry’s discipline or whether companies are better placed than in the last downturn, given the high …
Container Shipping Near-Term Prospects Remain Strong Read More »
Capesize The Capesize market softened this week as global market concern’s kept the headwinds coming. The softening of values was felt across all Capesize 5TC routes as the index lowered throughout the week by -4609 to $19,665. Friday saw a slight upti…
Dry Bulk Market: Capesizes Soften This Week Read More »
MEPC 78 was the first of three meetings to work on, among other things, the production of a final draft Revised IMO GHG Strategy. The meeting was not planned as a key decision-making point for agreement/adoption of any of the items under IMO’s Reductio…
Momentum builds for IMO’s future: Stronger ambition and an equitable transition Read More »
Following the conclusion of this week’s meeting of the International Maritime Organization’s (IMO) Marine Environment Protection Committee (MEPC 78), the International Chamber of Shipping (ICS), representing 80% of the world’s merchant fleet, has relea…