Demand for “green” ships is expected to boom over the coming years, already prompting the reopening of decommissioned shipyards, especially in China, while yard utilization percentages are also on the rise. In its latest weekly report, shipbroker Inter…
Shipbuilding Industry Entering a New Growth Era Read More »
On 7 July 2023, after two weeks of intense negotiations, the member states of the International Maritime Organization (IMO) unanimously adopted the 2023 IMO Greenhouse Gas Strategy. This landmark agreement replaces the 2018 Initial Strategy and signifi…
A new climate deal for shipping: Three decades to zero Read More »
The Drewry LNG Shipping Equity Index increased 16.3% YTD (as of 13 July 2023), underperforming the S&P 500, which rose 17.5% during the same period. The stock price of Nakilat jumped 14.5%, that of Golar LNG increased 3.6%, while Flex LNG’s decline…
Drewry: LNG Shipping Equity Index Up 16.3% During 2023 Read More »
Argentina is expected to contribute more export seaborne cargoes of crude oil, as production ramps up, while consumption isn’t. In its latest weekly report, shipbroker Gibson said that “the explosive growth in Americas crude production has repeatedly f…
Tankers: Argentina Emerging as Crude Oil Export Destination Read More »
Capesize This week began on a positive note in the Pacific market, with all three major players actively participating and securing vessels at more favourable rates. However, the momentum quickly dissipated and the market experienced a decline in rates…
Dry Bulk Market: Capesize Market on the Decline for Yet Another Week Read More »