A project assessing the technical feasibility of onboard carbon capture and storage (OCCS) in the shipping sector, carried out by the Oil and Gas Climate Initiative (OGCI), the Global Centre for Maritime Decarbonisation (GCMD) and Stena Bulk together w…
With the Indian ship recycling market waking up, sentiment is beginning to improve. In its latest weekly report, Best Oasis (www.best-oasis.com), one of the world’s leading cash buyer of ships, said that “this week in the ship recycling industry, India…
Ship Recycling Market Showing Signs of Recovery Read More »
The forecast period up to 2027 suggests a mixed outlook across different vessel types. We anticipate that orders for Bulkers and Tankers will gain momentum, while demand for Containers and LNG/LPG vessels will decline. Despite the expected rise in Bulk…
VesselsValue: Mixed Shipping Market Outlook for the Fourth Quarter of 2024 Read More »
As the curtains close on the highly anticipated 82nd session of the International Maritime Organization’s (IMO) Marine Environment Protection Committee (MEPC82) in London, the 6PAC+ alliance – comprising of Pacific and Caribbean Island nations – has st…
Investors kept on buying newbuildings, despite the lull in the China market over the past week. In its latest weekly report, shipbroker Banchero Costa said that “the Chinese holidays did not slow down the pace of new orders being placed. Gas, container…
Appetite for Newbuildings Remains High Read More »