The Intersessional Working Group on reduction of greenhouse gas (GHG) from shipping had its first online meeting this week to advance the work on short term measures in support of the International Maritime Organization’s (IMO) initial strategy on redu…
Capesize The tide turned positive on the Capesize market this week bringing with it a sense relief and optimism. It both stemmed the mounting losses of late and gave some hope for a year-end rally. Dropping to a recent low of $17,121, the market lifted…
Dry Bulk Market: Capesizes Manage to Halt Recent Falls and Return to Positive Ground Read More »
Maritime piracy today remains a complex challenge to international law, world trade and the safety and security of seafarers. The International Maritime Organisation (IMO) and other maritime safety advisories publish various counter-piracy guidelines a…
Steering With Artificial Intelligence To Combat Maritime Piracy Read More »
The global economy has so far avoided a “financial catastrophe” but growth projections from the International Monetary Fund’s latest World Economic Outlook remain stunted. Global growth is projected to be -4.4 percent this year, which is a small upgrad…
‘Long ascent’ to recovery of global growth Read More »
A strong comeback in US retail sales has replaced the 14.7% drop seen in April. In fact, US retail sales have been up since June compared with the same months last year, and only three months this year have seen lower retail sales than the correspondin…