The implications from Libya’s latest absence from the tanker market are bound to affect rates in this part of the world. While a return to stability appears to still have some way to go, before it’s materialized, recent efforts to restore production an…
Libya’s Return to The Market Could Help Tankers Read More »
Capesize The Capesize market made new highs for the year this week after strong iron ore demand to the far east continued to develop in the market. Earnings have lifted from sub operating cost levels under two weeks ago, to now having surged up to have…
Dry Bulk Market: Strong Iron Ore Demand Boosts Rates On 2020 High Read More »
IMO issued Circular Letter No.4204/Add.22 on 11 June 2020 (link), informing of the Singapore Crew Change Guidebook (see also https://www.ssa.org.sg/images/ssa/pdf/SG-Crew-Change-Guidebook.pdf). Recognizing the ongoing challenges that the industry is fa…
COVID-19: Updates and Operational Considerations On Board Ships Read More »
The offshore shipping is expected to face more headwinds, at least in the short-term, before being able to mount any sort of comeback in the future. In its latest weekly report, shipbroker Intermodal said that “in contrast to the economic projections o…
Offshore Shipping “Players” in Dire Straits Read More »
The current officer shortfall to crew the global merchant fleet is forecast to widen, despite the dampening effect of Covid-19. This is due to the reduced attractiveness of a career at sea and rising man-berth ratios which will inflate future manning c…
Officer shortage to widen and inflate manning costs Read More »