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 »
Capesize Overall it was not a very active week, with limited fresh cargo support from either of the basins. The BCI and timecharter average started the week at a level close to 1800 points and $15,000, but remained in negative territory until a margina…
Dry Bulk Market: Capesize Market Not Very Active Read More »
World GDP is forecast at 3.3% for 2022, down from 5.8% in 2021 and with little improvement predicted for 2023. That’s on the back of displacement and destruction – “two massive blocks” – in Ukraine and Russia’s isolation from the world economy “f…
Significant deceleration’ to stunt demand Read More »
The container ship orderbook hit a post-financial crisis low just below 2m TEU in October 2020. In the eighteen months since then, liner operators have seen record profits and a large percentage of these have been poured into newbuilding contracts. “In…
Container ship orderbook hits 6.5m TEU for the first time since 2008 Read More »