BIMCO will establish a Task Force on Biofouling Management to strengthen industry input into the upcoming work at the International Maritime Organization (IMO) on the development of a legally binding framework for the control and management of ships’ b…
BIMCO to establish Biofouling Management Task Force Read More »
With the war in the Middle East entering its fourth week, questions regarding oil production capacity are beginning to arise. In its latest weekly report, shipbroker Gibson said that “the past few days have seen the conflict extend beyond chokepoint di…
Tanker Market: Is Crude Oil Supply Under Threat? Read More »
Capesize It was a week of mixed route performance in the Capesize market. Following a positive close on Friday, the Capesize Timecharter Average (C5TC 182) ultimately rose by $817 week-on-week. The C3 Brazil to China route edged above $30, a level last…
Dry Bulk Market: Capesizes End the Week on a High Note Read More »
Global shipping has entered a precarious and unstable era. Rising geopolitical tensions in key maritime corridors, including threats from Iran to target vessels transiting strategic waterways and the disruption of energy and export routes, are remindin…
Why the shipping industry needs APNT in the face of global conflict Read More »
The turmoil in the global tanker and energy markets from the current crisis in the Middle East could soon lead to a global issue, with 40% of total seaborne crude oil exports affected. In its latest weekly report, shipbroker Banchero Costa said that “i…