Capesize Sentiment gathered momentum during the week and rates for the main C5 route improved over $1 to currently stand at almost $6.40, with market talk of fixtures, perhaps around $6.50 level, not yet substantiated. Whilst there has been a lack of t…
Dry Bulk: Capesize Market Gathers Momentum Read More »
The expectation among shipbrokers is that demolition activity for older carriers will resume as soon as the market returns to its normal activity. In its latest weekly report, Clarkson Platou Hellas said that “with the Easter holidays in full flow acro…
Slowdown in demolition activity expected to be temporary Read More »
Nations meeting at the United Nations International Maritime Organization (IMO) in London have adopted an initial strategy on the reduction of greenhouse gas emissions from ships, setting out a vision to reduce GHG emissions from international shipping…
UN body adopts climate change strategy for shipping Read More »
“The IMO has done something no one has done before: set an absolute target for emission reductions for an entire industry. It is a landmark achievement in the effort to reduce emissions, and something that every other industry should look to for …
BIMCO applauds new IMO emissions-strategy Read More »
Low prices seem to be the main reason behind the trend of rising newbuilding orders for tankers. Despite the fall of the freight rate market and an apparent oversupply of tonnage in most parts of the wet market, it seems that ship owners can’t re…
Newbuilding Orders for Tankers on the Rise Read More »