Rates for petroleum product tankers that carry low-sulfur petroleum products, including refined petroleum products such as motor gasoline, diesel fuel, jet fuel, and naphtha, reached multiyear highs this summer. Rates for these tankers, known as clean …
EIA: Tanker rates for refined petroleum products reach multiyear highs during 2022 Read More »
The shipping industry can overcome geopolitical challenges and thrive, said the Institute of Chartered Shipbrokers Greek Branch at its 17th Annual Forum. The recent event, ‘Moving Forward with the World in Turmoil’, was held on December 7 a…
ICS says shipping will overcome challenges and thrive in 2023 Read More »
The ship recycling market has had a positive week after a long time, thanks to a renewed supply of vintage tonnage. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “this week has seen a strong supply of smaller container units …
Ship Recycling: Small Container Ships Sold for Scrap Read More »
The shipping industry’s investment in reaching carbon net zero has been understood in a new report launched by BCG today: ‘Decarbonization and Willingness to Pay (WtP) in the Global Shipping Industry’. The key finding shows that despite global economic…
Despite the challenges of Covid-19 and port congestion, container terminal operators were successful in improving their profit margins in 2021 and 2022. However, the ports industry now faces the dual challenge of skyrocketing costs and market downturn,…
Margin pressure looms for container terminal operators Read More »