With the calmer, summer seas of the Mediterranean, conditions are more favourable for migrants to depart Libya in unseaworthy vessels with the hope of reaching Europe. Commercial vessels transiting the waters around Libya, Tunisia and Malta are likely …
Assisting vessels in distress in the Mediterranean in light of recent developments Read More »
Ship owners are stockpiling dry bulk carriers, after the latest rally in the freight rate market. In its latest weekly report, shipbroker Banchero Costa said that “despite the summer season activity picked up in the dry bulk sector following the trend …
Dry Bulkers in High Demand Amid Market Rally Read More »
Tankers The market trend for Tankers has been positive since the beginning of 2019. The recent purchase of a resale VLCC by SK Shipping for USD 98 mil is a 5 year high price achieved. Older VLCCs has been circulating the market recently and since the b…
Shipping: Half Year Values Round Up Read More »
Smart devices have the potential to radically transform the utility and value of shipping container equipment assets, according to Drewry’s latest Container Census & Leasing Annual Review & Forecast 2019/20 report. Smart containers have increas…
Smart devices to transform the utility and value of shipping container assets Read More »
The IMO2020 rule for the use of low-sulphur fuels from the beginning of 2020 is expected to offer a boost in the product tanker market, triggering demand for more cargoes. However, a lot is still dependant on if “the price is right”. In its latest week…
Compliant Bunker Fuels Long-Haul Charters A Major Risk Read More »