The freight market for VLCCs has continued to remain unimpressive. According to the latest weekly report from shipbroker Gibson, there was “no improvement for previously sliding VLCCs….a slow week as Charterer’s proceeded to gently close out the …
Early Month Activity the Hope for a VLCC Rebound Read More »
Greater regulatory certainty and a burgeoning bunkering infrastructure worldwide means the conditions couldn’t be better for LNG-fuelled vessels to set sail, says Cristina Saenz de Santa Maria, Regional Manager South East Asia, Pacific & India, DNV…
Conditions right for LNG to set sail Read More »
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 »