The Very Large Crude Carrier (VLCC) fleet has grown at a staggering rate of 8% year to date in November. The 65 VLCCs delivered in the first 11 months of 2019 will mark the highest number of deliveries since 1976. A total of 19m DWT has been delivered …
Shipping number of the week: Most VLCCs delivered in 40 years Read More »
When words like ‘deterioration’, ‘uncertainty’ and ‘weak’ are used in connection with trade and investment flows by a body as eminent as the OECD, it’s a cause of great concern for shipping. In his analysis of the organisation’s latest Economic Outlook…
Trade outlook deterioration continues ‘unabated’ Read More »
Fitch’s Sector Outlook: Negative We maintain a negative sector outlook for global shipping because of the forecast slowdown of global economic growth and a balance of risks skewed to the downside. All shipping segments have been demonstrating more prud…
The shipping industry is well aware of the fines and penalties imposed by US authorities against vessel owners, operators and officers for alleged bypasses of a vessel’s oily-water-separator (“OWS”), which is required pollution control equipment under …
IMO 2020 Enforcement: Magic Pipe Cases All-Over Again? Read More »
With fleet growth of 3.7%, compared to global container shipping demand growth of only 1%, even blanked sailings have been unable to lift freight rates. Demand drivers and freight rates Container shipping has in the last few months felt the effects of …