A joint study by the Global Centre for Maritime Decarbonisation (GCMD) and Boston Consulting Group (BCG) has identified shipping to play a key role in enabling CCUS initiatives, particularly when there is a large geographical mismatch between potential…
As we enter the last month of 2024, the market developments are somewhat mixed. Spot rates are strengthening on the Asia to Europe markets. The growth in weekly offered capacity compared to last year is quite significant and hence the strengthening of …
FBX Index November 2024: A mixed bag Read More »
Demand for newbuildings remains robust which in turn had added pressure to the global shipbuilding capacity. In its latest weekly report, shipbroker Intermodal said that “following the recent reactivation of Jiangsu Rongsheng Heavy Industries to fulfil…
Chinese Shipbuilding Sector Scaling Up, But Challenges Remain Read More »
In a significant move, US president-elect announced plans to impose a 25% tariff on all imports from Canada and Mexico starting 20 January 2025 and increase tariffs by 10% on Chinese goods; there could be more announcements in times to come. These tari…
US plans major trade tariffs: Potential impacts on dry bulk and shifting trade patterns Read More »
Introduction It’s very apparent, global shipping’s drive to decarbonise is well underway. The ship-building profile is changing dramatically, highlighted by the 2023 order book showing 539 new builds capable of running on low-to-zero carbon fuels, bein…
Methanol as a marine fuel Read More »