In October 2025, the International Maritime Organization (IMO) is expected to adopt its Net-Zero Framework, which would enter into force in 2027. The framework’s supporting guidelines will define zero- and near-zero-emission fuels, reward mechanisms, e…
A guide to the Net-Zero Framework’s reward mechanism Read More »
The ship recycling market showed mixed performance over the course of the previous week. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships, said that “the Indian market has come off drastically this week, refle…
Ship Recycling Shows Mixed Display Last Week Read More »
Minor bulk, made up of all dry cargo types that are not categorized as iron ore, coal, or grains, has consistently outperformed the previous year in terms of total tonnage exported. In August, this trend continued as the total tonnage of minor bulk exp…
Bauxite, manganese ore, and forestry: More protectionism to come Read More »
The Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships (the Hong Kong Convention) went into effect on June 26, 2025, in 24 contracting states. The Hong Kong Convention aims to improve worker conditions and redu…
The Impact of the Hong Kong Convention on Ship Recycling 3 Months In Read More »
Capesize dry bulk carriers have been in high demand over the past week, with more buyers “testing the waters”. In its latest weekly report, shipbroker Xclusiv said that “large sizes were quite active this week, with a total of five Newcastlemax and Cap…
Dry Bulkers in High Demand Read More »