NORDEN expects the product tanker market to significantly improve in the coming years. Therefore, the expansion of the tanker business continues. The first quarter saw a further increase of 1,965 ship days on charter capacity as NORDEN increasingly foc…
The challenges that shipping companies are facing when selecting an appropriate financing strategy during the current period of volatile global markets, renewed fears of protectionism and trade wars and the possibility of new technologies disrupting tr…
Cost growth returned to seafaring in 2018 and is projected to accelerate moderately on recovering vessel earnings and continued shortfall in officer numbers, according to the latest Manning Annual Review and Forecast report published by global shipping…
Manning costs rising on trade recovery and officer supply shortage Read More »
The risk to container shipping from US-led trade wars is currently low, but potentially very damaging, according to the latest edition of the Container Forecaster published by global shipping consultancy Drewry. “In the March report we said that we wer…
Trade wars threaten to derail container revival Read More »
In 2017 it was 35 years ago that the Memorandum of Understanding on Port State Control was signed by 14 countries. Since then the agreement has expanded to 27 members and was renamed to Paris Memorandum when other MoUs emerged. Over the past three year…
Paris MoU Notes Rise of Ships Detained in its Latest Annual Report Read More »