Newbuilding ordering activity has remained strong over the past week, while deals have sped up on the S&P front as well. In its latest weekly report, shipbroker Banchero Costa said that “the number of contracts reported slowed, although activity wa…
Newbuilding Spree Continues Read More »
The share of Chinese coal imports being transported by sea have fallen sharply in the last two years, down from 93% of the total between 2015-2022 to 76% in 2023-2024 according to a new report by commodity market intelligence provider Oceanbolt, a Veso…
China eyes alternatives as seaborne coal imports lose market share Read More »
The system of verifying the weight of shipping containers that came into force in July 2016 has recently come under scrutiny in the English Commercial Court. The regulations made pursuant to the International Convention for the Safety of Life at Sea re…
Ship demolition activity has been subdued throughout 2024 and this will probably remain the case at least until the end of the year. In its latest weekly report, shipbroker Intermodal said that “demolition activity across all sectors has been notably s…
The Ship Recycling Conundrum Read More »
Since the start of 2015, the International Maritime Organization (IMO) has restricted vessels travelling through designated Emission Control Areas (ECA) from using fuel oil bunkers with a sulphur content of over 0.1%. The designated zones include the B…
How will Emission Control Area changes affect fuel oil demand in the Mediterranean? Read More »