In recent years the world fleet of bulk carriers has become noticeably older, with the average age increasing by about a third, amid very low scrapping. This ‘maturing’ vessel longevity trend may continue in the near future, although further ahead tigh…
An ageing bulk carrier fleet Read More »
“In 2022, Chinese shipyards reached a market share of 47% and for the first time exceeded the combined market share of Japanese and South Korean shipyards,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO. Ships delivered to new owners by Chinese…
Chinese shipyards hit record 47% market share in 2022 Read More »
After months of financial constraints, things could soon start improving for ship recyclers in Bangladesh and Pakistan. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “there have been rumours circulating this week that the fin…
Ship Recycling Market Looking for Letter of Credits Relief Read More »
The West has remained relatively unified and measures such as the oil price cap are working: the average monthly number of tankers that had a port call in Russia and subsequently called port in the U.S./EU/UK decreased by 34% post-invasion. But countri…
The Impact Of Russia’s Year-Long Invasion On The Maritime Ecosystem & Global Economy Read More »
The decarbonization of international shipping is a priority for IMO and by mid-2023, the organization aims to have in place a revised and strengthened Strategy on Reduction of GHG Emissions from Ships. A new IMO project aims to provide an assessment of…
Future Fuels and Technology Project to inform GHG Strategy update Read More »