The tanker market shouldn’t be particularly impacted by OPEC’s latest decision moving forward. In its latest weekly report, shipbroker Gibson said that “OPEC+ made the seemingly inevitable decision to roll over production cuts for another 3 months, ack…
Tanker Market and OPEC’s Latest Decision Read More »
Capesize The Capesize market faced a challenging week, with the BCI 5TC steadily declining, shedding $3,909 across the week to close at $12,727, reflecting subdued sentiment and oversupply of tonnage in both basins. While the Pacific saw intermittent i…
Dry Bulk Market: Capesize Market Faced a Difficult Week Read More »
Awareness of cyber risk and investment in cybersecurity have grown rapidly. THE RATE OF ATTACKS IS INCREASING RAPIDLY Cyber criminals have the maritime industry in their sights. DNV’s new survey of industry professionals finds that one in three (31%) e…
Cybersecurity moves up the maritime agenda Read More »
EU iron ore imports have risen so far in 2024. In its latest weekly report, shipbroker Banchero Costa said that “2023 was a very positive year for global iron ore trade. In Jan-Dec 2023, global loadings of iron ore increased by +5.1% y-o-y to 1,631.9 m…
EU Iron Ore Imports on the Rise in 2024 Read More »
According to a new DNV white paper outlining FuelEU Maritime requirements and compliance strategies for shipowners, compliance with the upcoming regulations will be expensive but applying certain strategies can significantly reduce the cost. Effective …