The ship recycling market was considerably weaker over the past week. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships said that “in India, the local market has dropped substantially this week with no real buy…
Ship Recycling: Weak Demand Across the Board Read More »
When fees from the Office of the United States Trade Representative (USTR) targeting Chinese dominance of the maritime sector come into effect 14 October, 35% of ships in the combined bulk, crude tanker, product tanker and container fleet could be subj…
Rate increases unlikely but USTR fees could impact 35% of key sectors’ ships Read More »
Heads of 7 shipping associations call for IMO adoption of the Net-Zero Framework (NZF) at the crucial vote in October. Anything else would be a major setback for the green transition and risk leaving the industry with a complicated patchwork of regiona…
Maritime History in the Making: Industry Backs IMO Net-Zero Framework Read More »
Demand for second hand dry bulk carriers was high last week. In its latest weekly report, shipbroker Xclusiv noted that “this week saw heightened activity across most dry segments, led by strong appetite for modern tonnage. On the Newcastlemax front, t…
Second Hand Bulkers in High Demand Read More »
As the inflationary pressures on freight rates—stemming from Red Sea disruptions, front-loading and tariff-related issues—begin to ease, shippers are likely to negotiate more favourable contract rates and improved terms with carriers and forwarders for…