Technology to bring fresh blood to shipping
The drive to digitize shipping should make the industry more attractive to the younger generations.
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Tankers: Bunker Costs To Rise on Higher Oil Prices
The rise of oil prices in the past few weeks will translate into higher bunker costs, but not change the current balance in the market and thus freight rates. In its latest weekly report, shipbroker Gibson said that “last night saw ICE Brent close at $…
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Orderbook Offering An Echo Of The Distant Past
The shipping markets are renowned for their volatility but today there is one aspect of the industry where the last cycle has taken 20 years. The orderbook expressed as a percentage of the existing fleet, a widely used statistic, is basically back wher…
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Dry Bulk Market Charges Back
Capesize This week has seen the Cape 5 timecharter weighted average almost double. Similarly, the Brazil to China ore rates climbed over $4.50, from mid-$13.00s, to somewhere in the $18.00s. Despite all this activity, the West Australia ore rates have …
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12 crew seized from ForestWave ship
Two remaining crew move general cargo vessel to safe position off West Africa.
12 crew seized from ForestWave ship Read More »