Demand for both secondhand and newbuilding tankers has increased over the course of the past week, in what could perhaps be a sign of things to come. In its latest weekly report, shipbroker Banchero Costa noted that in the S&P market, “considering …
Tanker Tonnage in Demand Read More »
Many new ore carriers have joined the world fleet in recent years, extending a rising trend in this bulk carrier category. Fleet expansion has been especially notable in the top segment of the ore carrier size range. During 2020 and next year numerous …
Sparkling Growth In The Ore Carrier Fleet Read More »
While the Capesize segment has been massively impacted by the coronavirus, the smaller dry bulk segments are starting to recover towards profitable territory, partly on the back of seasonally higher grain exports from South America. While the Capesize …
Capesize Remains Submerged In The Depths Of Despair Read More »
Havoc is what best describes the effect of the Coronavirus to the world’s trade, economy and of course the shipping industry. It seems that every single estimate and projection regarding the course of global trade, demand for raw materials and su…
Shipping “Sweats” as Coronavirus “Fever” Spreads Globally Read More »
Ship managers should ensure they are named as joint-assureds on their owners’ hull and P&I policies. This is because (apart from in a handful of jurisdictions), the ship manager is always considered to be the operator of the vessel under the ISM co…
The importance of being joint assured Read More »