“Over the past three months, dry bulk newbuilding contracting has been 70% below the yearly average. Declining freight rates in recent months, a cloudy outlook and high newbuilding prices contributed to the slowdown, and contracting in 2024 will likely…
Dry bulk contracting falls 70% below average amid low rates Read More »
The ship recycling market has remained in a sea of calm, with low activity. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships said that “this week in the recycling markets was characterized by stability and sub…
Ship Recycling Market in Sea of Calm Read More »
Carbon capture, utilization, and sequestration (CCUS) is shaping up to be an important decarbonization lever owing to its ability to tackle emissions in hard-to-abate sectors. The value chain involves transporting the CO2 that is captured from large st…
The Shipping Industry Can Help Carbon Capture Sail Ahead Read More »
The availability of advanced weapons and the willingness of certain states – particularly Russia and Iran – to disregard international maritime laws, has put vessels, undersea cables, and offshore oil installations under increased risks one leading bro…
Grey zone aggression targets global shipping – WTW Read More »
Newbuilding activity has kept it upward trend over the past week. In its latest weekly report, shipbroker Banchero Costa said that “business activity remained robust this week, with 45 new orders secured. Maersk secured 20 Containership orders of which…
Newbuilding Orders on the Rise Read More »