International Shipping News

Tanker Shipping: Freight rates back at loss-making levels after 12 very profitable months

Overview A stunningly strong 12 months for the tanker shipping industry is now being replaced by lower freight rates, as lower oil production and demand sets in across the globe. MARKET ANALYSIS TANKER Only China bucks this trend with record-high crude…

Tanker Shipping: Freight rates back at loss-making levels after 12 very profitable months Read More »

Digital Transformation in Shipping Operations: From planned to predictive: A digital transformation framework for vessels maintenance

According to Clarksons Research1 (https://clarksonsresearch.wordpress.com/tag/opex/), spares and maintenance costs in the shipping industry have been steadily on the rise and can constitute approximately 18% of a vessel’s Operating Expenses (OPEX). Cos…

Digital Transformation in Shipping Operations: From planned to predictive: A digital transformation framework for vessels maintenance Read More »