The United Nations General Assembly adopted the United Nations Convention on the International Effects of Judicial Sales of Ships on 7 December 2022. The General Assembly authorized a signing ceremony for the Convention to be held as soon as practicabl…
UN adopts global convention on the sale of ships by courts Read More »
Over the past month, the market downturn has gathered further steam, and we are now entering the phase where the market in places is now beginning to go below pre-pandemic levels as the correction downwards from the historical high turns into a price w…
FBX Index December: A hard landing in progress Read More »
The product tanker market is expected to benefit significantly from the sanctions imposed on Russian crude and products, like diesel and gasoline. In its latest weekly report, shipbroker Gibson said that “after a rather disappointing period for most of…
Capesize The Capesize market was positive over the week, rising in excess of $1,200 to close at $13,957. In the Pacific, the rates for the west Australia to Qingdao trade were defined by pre or post-Christmas loading, with more prompt-dated vessels get…
Dry Bulk Market: Capesizes Rise Again Read More »
This week’s round of technical talks at the UN’s maritime regulator showed countries are prepared to phase out shipping emissions by 2050. More crucially, support appears to be building for the International Maritime Organization (IMO) to also adopt an…
UN shipping agency inches towards 2030 emission reduction goal Read More »