Capesize For most of the week the rates were nudging up under a flurry of activity in the Pacific as levels for the West Australia to China C5 route were being fixed in the upper eight-dollar level for usual 170,000dwt vessel, 10% cargo. FMG fixed a Ne…
Dry Bulk Market: Capesize Market in Mixed Mode Read More »
With the enforcement date of the IMO 2020 low-sulphur regulation now only 6 weeks away, shippers and forwarders are starting to get their cheque-books out to help ocean carriers cover the additional cost of the cleaner, low-sulphur fuel. On 4 December …
The time for higher BAF charges has come Read More »
The tanker market was quite the ride for ship owners. In its latest monthly report, OPEC said that a host of factors in the tanker market in October pushed rates to the highest on record on all major routes. The market had been expecting a seasonal pic…
October Marks Record Month for the Tanker Market Read More »
The IMO Intersessional Working Group on Reduction of GHG Emissions from Ships has made significant progress in pushing forward with work to help achieve the ambitious targets set out in the initial IMO strategy on reduction of GHG emissions from ships,…
IMO pushes forward with work to meet ship emission reduction targets Read More »
With the world fiercely focused on a decarbonised future, fossil fuel movers and traders might rightly be reconsidering their future. But cast a wider bulk cargo net and there are still reasons to be cheerful about job prospects for the 2020s and beyon…
Life after fossil fuels: The days of oil and coal transportation are numbered Read More »