Shipping was supposed to have a fairly average year prior to the pandemic of COVID-19. Nowadays, it’s “every man for himself”, a fight for survival for the majority of owners. So, the faster a recovery in global demand and trade can be achieved, the be…
Global Stimulus and Global Trade: Where to Next for Shipping? Read More »
In yet another turn of extraordinary events, the Baltic Dry Index (BDI) is now hovering around the lowest level in at least 20 years. The index currently sits at 520 index points (1 June 2020), 583 points below the reading one year ago and underscoring…
2016 Déjà Vu Lurking As Baltic Dry Index Lingers At Lowest Levels In Decades Read More »
With the current focus on alternative marine power sources, it’s easy to overlook the overwhelmingly dominant position of the internal combustion engine, or ICE, in marine propulsion. The marine two-stroke ICE is so well proven and so well established …
The role of combustion engines in decarbonization – seeking fuel solutions Read More »
The ship recycling market seems to be geared to come back to life after a prolonged period of hiatus. In its latest weekly report, shipbroker Clarkson Platou Hellas, commented that “with various reports this week suggesting the lockdown across the Indi…
Light at the End of the Tunnel for Ship Recycling Read More »
Capesizes supported by firm iron ore demand The capesize segment is seen supported by the robust steel production in China, the world’s largest steelmaker. This, in turn, has increased demand for the raw ingredient of iron ore and therefore has b…