Ship owners around the world have adopted a risk-aversion policy, which translates to refraining from adding more newbuildings on the global orderbook. In its latest weekly report, shipbroker Banchero Costa said that “there was not much fresh business …
Risk Aversion Grips the Shipping Industry Read More »
Trade tariffs cause rate differential and capacity transfer to countries “other than China” There is no consensus on who will “win” the US-China trade war, or whether there will be a winner at all, but the shipping industry has already reac…
Pacific shift from China to SE Asia, Korea Read More »
“A fire in the engine room is any seafarer’s worst nightmare,” says Tom Backlund, Wärtsilä’s General Manager Large Bore Engines. This is especially true when it comes to fuel leakages in vessel engine rooms. This is why the International Convention for…
Enhance safety at sea with smart fuel hoses Read More »
Despite the improving market conditions over the course of the second quarter of 2019, the negative impact of the first few months of the year are still felt throughout the industry. Nevertheless, ship owners’ restrain when it comes to adding mor…
Capesize Market Recovery Still a “No-Show” Read More »
The Poseidon Principles launched on the 18 June 2019, with founding signatories including Citi, DNB, Societe Generale, ABN Amro, Amsterdam Trade Bank, Credit Agricole CIB, Danish Ship Finance, Danske Bank, DVB, ING and Nordea. Together they have a comb…
The Poseidon Princples: Will They Affect Me? Read More »