As the coronavirus continues to show its teeth and weigh on global economic growth, seaborne container volumes are not exempt and face a decline year-on-year. Loaded container imports on the US West Coast (USWC) paint this picture well with 2.2 million…
Q1 container imports drop 14% on US West Coast Read More »
A group of companies has come together to develop a better understanding of the practical realities involved in using ammonia as a fuel for ships. Ammonia is one of a number of options to be a marine fuel of the future. One of the key elements in the g…
Can ammonia be a safe fuel for the shipping industry of the future? Read More »
Dry bulk owners have started to see improved earnings during the past few days and this could be down to Asia’s return to business. In its latest weekly report, shipbroker Banchero Costa said that “coal trade in Asia is proving remarkably resilient thi…
Dry Bulk Market: Japan’s Coal Imports in Q1 2020 A Boost for Dry Bulk Owners Read More »
The conclusion of the P&I renewal season and rising risk exposure from Covid-19 confirms that marine insurance costs are hardening which will raise vessel operating costs just when earnings are expected to come under pressure as trade contracts. Th…
Shipowners face perfect storm of rising opex as earnings fall Read More »
On 21 February 2020 details were first published of an historic and unprecedented information-sharing agreement among the world’s three biggest open shipping registries – Panama, Marshall Islands and Liberia. The Registry Information Sharing Compact (R…