Our oceans are critical to so many aspects of our day-to-day lives. In the UK alone, they provide jobs for over 500,000 people, contribute more than £47 billion to the economy, and are the means through which 95% of all trade reaches the UK. Globally, …
How the UKHO is supporting the Blue Economy Read More »
In its latest monthly report, OPEC noted that average dirty tanker spot freight rates declined further in March, continuing the downward trend seen in the first quarter. Lower rates were reported in most dirty classes, mainly attributed to high vessel …
Tanker Market in March: Declines the Norm Read More »
Having weathered a difficult few years, the shipping sector continues to face many challenges. Ongoing economic uncertainty and conditions are likely to remain volatile for a number of years. However, overall confidence in the industry is reasonably st…
Financial outsourcing: the benefits of new technologies for shipping Read More »
Classification society DNV GL and Keppel Marine and Deepwater Technology (KMDTech), a subsidiary of Keppel Offshore & Marine (Keppel O&M), announced that they have signed a framework agreement to boost the uptake of liquefied natural gas (LNG) …
Keppel and DNV GL team up to promote LNG as a ship fuel Read More »
Unprecedented factors have come into play in the dry bulk market, with shipbrokers expecting additional downward pressure, mostly in Capesize rates, moving forward. In its latest weekly report, shipbroker Intermodal said that “the tragedy in Braz…
“Unique” Conditions Pressuring Capesize Freight Rates Read More »