The current freight rate crisis across most markets could offer a solid opportunity for ship owners to sell some of their older ships and alleviate tonnage oversupply issues. However, over the course of the past week, prices offered by scrapyards have …
Demolition Market Under Pressure as Rates Fall Read More »
Now that we have passed 1st January 2020, the much anticipated global sulphur cap is finally a reality. The importance of this clean air initiative for global health is widely agreed and should not be under emphasised. Likewise, the critical role that …
LNG-Fuelled Ships on Order Rise By 50% in 12 Months Says SEA\LNG Read More »
A survey has found that shipping sees a vast potential reduction in fuel consumption. Responding to a survey by NAPA and BLUE Insight, owners, managers, operators and charterers felt that on average, it was possible to reduce 28% of their fuel consumpt…
Survey: Owners and charterers believe that voyage efficiency savings of 28% are possible Read More »
On 5th February 2020, The Bahamas continued its long-held tradition of making its annual assessment payment to the International Maritime Organisation (IMO) in full and in advance of the payment the deadline. The contribution for 2020 was followed up b…
In 2019 the Baltic Exchange partnered with GeoSpock, a geospatial big data company, to look at building a digital platform for maritime industry emissions management. The partnership aims to work with the Exchange membership and broader industry to pro…
The dawn of the data age in maritime: Baltic Exchange and GeoSpock white paper Read More »