The International Union of Marine Insurance (IUMI) reports an increase in the 2021 cargo insurance premium base (from 2020) of 8% to USD 18.9 billion alongside an improvement in overall loss ratios. Speaking at this year’s Chicago conference, Isabelle …
IUMI reports rising cargo insurance premiums Read More »
The demolition market has firmed up in prices offered by some yards as of late, but the past week’s abrupt currency declines have created further insecurity among market delegates. In its latest weekly report, shipbroker Clarkson Platou Hellas said tha…
Currency Issues in the SouthEast Asian Market are Impacting the Ship Recycling Activity Read More »
2022 will be a record year for container shipping companies. We expect the sector’s revenue to jump by +19% y/y and its operating cash flow to grow by +8% y/y. While freight rates have fallen -32% year-to-date, they are still well above the pre-pandemi…
Shipping: liners swimming in money but supply chains sinking Read More »
SEA-LNG responds to International Council on Clean Transportation (ICCT) report: Comparing the Future Demand for, Supply of, and Life-Cycle Emissions from Bio, Synthetic, and Fossil LNG Marine Fuels in the European Union. Report uses poor data and unre…
NGO Report on LNG Pathway makes flawed assumptions based on outdated data Read More »
A shift in drude oil trade flows is in full swing these days, with Russian oil heading eastwards and a flurry of other countries exporting their oil to the EU, in order to cover the region’s needs, ahead of a difficult winter season. In its latest week…
Crude Oil Exports’ Map is Being Redrawn Read More »