The shipping industry must take urgent action to meet ambitious new climate targets set by the International Maritime Organization (IMO), according to a new report from the Sea Cargo Charter (SCC), a global transparency initiative developed by the Glob…
Can Shipping Catch Up? New Report Demonstrates Shortfall Against New Climate Goals Read More »
“Since the start of the year, newbuilding prices have risen 3% to their highest level since 2008. Compared to their most recent low in late 2020 they are up 53%. During the same period, the order book has grown by 72%, reaching its highest level since …
Newbuilding prices climb 3% to highest level in 16 years Read More »
The number of LNG newbuilding orders have more than doubled from the same period last year where 34 orders were placed, compared to 78 in the first five months of 2024, an increase of c.129%. Newbuilding prices for the Large LNG sector of 174,000 CBM a…
LNG newbuilding values at record high: 78 newbuild orders placed in 2024, doubling 2023 Read More »
The amount of crude oil and oil products flowing around the Cape of Good Hope, located at the southern tip of Africa, increased nearly 50% in the first five months of 2024 compared with the 2023 average as commercial vessels avoided chokepoints in the …
Red Sea disruptions increase oil flows around Cape of Good Hope Read More »
Challenging bank conditions have been a significant “headwind” in the global ship finance market during 2023. In its latest annual report, Petrofin Research said that ““the global banking industry continued to face many challenges in 2023. The geopolit…
Greek Banks’s Rise in the Global Ship Finance Market Read More »