2023 has marked a change in fortunes for ocean freight rates from North Europe to the US East Coast, with both spot and long-term contracted prices falling by around 10% since the start of the year. According to the latest data from Oslo’s Xeneta, long…
Transatlantic Trouble As Extra Capacity Undermines Freight Rates Read More »
Newbuilding activity for 2023 has began to pick up the pace, with the main focus, so far, being orders on Chinese shipyards, mainly for dry bulk carriers. In its latest weekly report, shipbroker Allied Shipbroking said that “newbuilding orders over rec…
Newbuilding Orders for Chinese-Built Dry Bulk Carriers On the Rise Read More »
Now that we have closed the books on 2022, we are looking back at a year of. The year began with high expectations of a long-awaited VLCC market recovery, and although the recovery was slow to kick off in the VLCC space, the year ended on a high. 2022 …
2022 in review: the year of the VLCC market recovery Read More »
SEA-LNG is pleased to share its overview of LNG as a marine fuel in 2022-2023 with you. This resource highlights how the shipping industry has advanced along the LNG pathway to decarbonisation in 2022 and outlines what progress is anticipated in 2023. …
LNG Delivering Decarbonisation Read More »
The ship recycling market has, so far, failed to impress at the beginning of 2023. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “the quiet start to the year has continued this week with the lack of actual sales activity cont…
Ship Recycling “Slow Steaming” into 2023 Read More »