Capesize A turnaround in fortunes for the big ships, with a few slower days in the market. A build-up of tonnage and a lack of Brazil cargoes resulted in a slide in rates. The active West Australia/China trade saw rates cut 80 cents in a week, with $8….
Dry Bulk: Capesize Market on the Up Read More »
Most vessels voyaging the world’s oceans at this moment in time are wasting energy, no matter how sophisticated the machinery on board, and inadequacies in the overall management of vessel speed and fuel consumption are to blame. Think of a cyclist com…
Eliminating energy waste through ship propulsion automation Read More »
As the final quarter of the year is nearing, ship owners will undoubtedly be looking forward to yet another strong end of the year, in terms of the freight rate market. In its latest weekly report, shipbroker Allied Shipbroking said that “as we edge cl…
Will Autumn Season Bring the Much Anticipated Shipping Market Rally? Read More »
Demand BIMCO expected the crude oil tanker market to continue its struggle from 2017, but the magnitude of it has been staggering, as evidenced by the worst freight rates on record. This is particularly true for crude oil tankers, but the oil product t…
A record poor tanker market with a growing fleet is prolonging the crisis Read More »
There has been a significant trend developing around wind propulsion technologies over the last 12 months and with potential fuel savings of 10-30% for retrofit installations and up to 50% for optimised new builds it is no wonder that the industry is s…
Five Misconceptions of Wind Propulsion Solutions for Commercial Vessels Read More »