Amidst a major crisis like the current one, with most of China under lock-down, the shipping industry has a solid opportunity to accelerate the decommissioning of a significant number of older vessels. And as it turns out, this has been the case so far…
Older Ships Are Being Rushed to the Scrapyards Read More »
The Baltic Exchange Capesize Index (BCI) dropped to -133 index points on 4 February 2020, turning negative for the first time ever on 31 January 2020. The composite BDI index (BDI), which has excluded the more stable handysize segment since March 2018,…
Capesize index plummets to -133, the first time ever in negative territory Read More »
On Thursday 30 January, the China Council for the Promotion of International Trade released a statement confirming that China was offering force majeure certificates to local companies unable to fulfil their international contractual obligations due to…
Coronavirus and Force Majeure Read More »
The combination of a slump in freight rates, but also a general lack of activity due to the Coronavirus has limited ship owners’ appetite for deals in the market, most notably in the newbuilding segment, but also in the S&P market. In its latest we…
Ship Owners Looking for Deals only in the S&P Market Read More »
As the adoption of LNG as a ship fuel continues to speed up, DNV GL has launched a new online bunkering platform to take operators seamlessly from order through to delivery. FuelBoss offers ship owners, operators and suppliers a single common platform …
DNV GL FuelBoss platform creates new online hub for LNG bunkering Read More »