IMO Secretary-General Arsenio Dominguez emphasized the global shipping industry’s need for significant investment in technology and alternative fuels to achieve a net-zero transformation and drive sector-wide change at the Blue Economy Finance Fo…
IMO: Shipping gears up for massive investments in decarbonization Read More »
The maritime industry is at a pivotal juncture, navigating complex regulatory waters with two prominent frameworks shaping the future of ship recycling: the Hong Kong International Convention (HKC) and the European Union Ship Recycling Regulation (EUSR…
EUSRR vs. Hong Kong Convention: The Global Dilemma in Ship Recycling Compliance Read More »
The clean tanker market is expected to face a series of changes, as refining capacity is expected to shift. In its latest weekly report, shipbroker Gibson said that “total global refining capacity has been in an upwards trend for a long time, and years…
Product Tankers and Refining Growth Read More »
New orders declined sharply in the first few months of 2025, reaching historically low levels, as shipowners avoid long-term investment decisions. The subdued ordering activity will persist until at least October 2025, with only a gradual recovery anti…
Newbuilding orders plunge amid regulatory and geopolitical uncertainty Read More »
Capesize The Capesize market enjoyed a strong upward trajectory this week, driven by consistent gains in the Pacific and mounting support in both South Brazil and the North Atlantic. The BCI 5TC rose steadily from $19,071 on Monday to $23,572 by week’s…
Dry Bulk Market: Capesizes Show Strong Growth Read More »