BIMCO has drafted a paper to submit to the Conference of the Parties to the Basel Convention (BC COP-17), asking for more clarity and for obstacles to be removed as the Hong Kong Convention enters into force in two months. The paper has been prepared b…
Shipowners and recyclers ask Basel COP for removal of obstacles to safer ship recycling Read More »
Global economic uncertainty and a cooling of the market has seen newbuild orders for dry-bulk vessels fall by 26% year-on-year according to Hongbeom Park, Head of Korea for global Veson Nautical, a global leader in maritime data and freight management …
Orderbook for all dry-bulk vessel classes falls by 26% Y-o-Y in Q1 Read More »
The International Chamber of Shipping (ICS) welcomes the series of landmark updates to ILO’s Maritime Labour Convention (MLC), following an intense week of negotiations at the International Labour Organization (ILO) headquarters in Geneva. Under ILO’s …
The IMO’s Marine Environment Protection Committee 83rd meeting has concluded with a weak agreement on mid-term measures that does not reduce the sector’s emissions in line with targets in the IMO’s revised GHG strategy. The agreement, constitutes a fue…
Capesize The Capesize market faced headwinds this week, with broader macroeconomic pressures, particularly escalating US-China tariff tensions, weighing heavily on sentiment. The BCI 5TC saw significant midweek drops before recovering slightly to close…
Dry Bulk Shipping: Capesize Market Under Pressure Read More »