Drewry expects 66 LNG carriers (LNGCs) to join the fleet this year, while 94 LNGCs are scheduled to be delivered in 2025, inflating the fleet amid easing vessel demand due to limited new capacity addition. LNG shipping is poised for a balanced market, …
LNG shipping battles fleet expansion, but rates to revive from 2026-27 Read More »
Estimated carbon emissions from bulk carrier vessels have fallen by 5 million tonnes, or 2.5%, since the beginning of 2021, despite an increase in the distance travelled and time spent underway according to new research by Veson Nautical (Veson), a glo…
A project assessing the technical feasibility of onboard carbon capture and storage (OCCS) in the shipping sector, carried out by the Oil and Gas Climate Initiative (OGCI), the Global Centre for Maritime Decarbonisation (GCMD) and Stena Bulk together w…
The forecast period up to 2027 suggests a mixed outlook across different vessel types. We anticipate that orders for Bulkers and Tankers will gain momentum, while demand for Containers and LNG/LPG vessels will decline. Despite the expected rise in Bulk…
VesselsValue: Mixed Shipping Market Outlook for the Fourth Quarter of 2024 Read More »
As the curtains close on the highly anticipated 82nd session of the International Maritime Organization’s (IMO) Marine Environment Protection Committee (MEPC82) in London, the 6PAC+ alliance – comprising of Pacific and Caribbean Island nations – has st…