Dirty tanker spot freight rates were buffeted by unexpected developments in February, undermining the optimistic outlook that began the year, OPEC said in its latest monthly report. Disruptions caused by measures to stem the accelerating outbreak of th…
Unexpected Conditions Undermined The Tanker Market’s Recovery During February Read More »
With no end in sight to the Covid-19-related disruption to world trade, the UN Conference on Trade and Development (UNCTAD) has published a sobering preliminary economic downside scenario. It expects a $2 trillion shortfall in global income with a $220…
The sting in Covid-19’s tail Read More »
• The maritime shipping industry must make some big changes if it is to meet its target of a 50% reduction in emissions by 2050. • Zero-emission ships are one avenue – but they require huge investment. • By increasing efficiency in the sector wit…
How to decarbonize shipping without spending billions Read More »
Earnings will go up as fuel costs go down. Will we also see an evaporation of slow steaming and higher freight rates as Saudi Arabia starts to produce oil at maximum capacity? As BIMCO often highlights, the oil tanker shipping market is at the mercy of…
With the effects of the pandemic of the Coronavirus being felt around the world more and more by the day, the ships’ demolition market couldn’t be left unscathed. In its latest weekly report, shipbroker Clarkson Platou Hellas commented that…
Demolition Market Has Caught the “Virus” Read More »