Global container shipping turned a corner in the second quarter of 2022 according to the findings of the latest Quarterly Review of the market produced by MDS Transmodal and Global Shippers Forum. Covid lockdowns in China, suppressing supply of manufac…
Container shipping market turns a corner … in lockstep? Read More »
The newbuilding market has picked up the pace over the past week. In its latest weekly report, shipbroker Allied Shipbroking said that the “newbuilding market activity moved on a very positive tone during the last week, recording a strong performance i…
Newbuilding Activity Increases After the Summer Holidays Read More »
The monthly record-setting streak that U.S. container import volumes have been posting since mid-2020 came to an end this August. While the August number was down slightly compared with the same month in 2021, it remained above 2.5M TEUs, which is stil…
A newly set-up BIMCO drafting team involving a cross-section of shipowners, charterers, financing and leasing institutions and private practice lawyers from Asia, Europe and the US began work this week to develop a standard letter of quiet enjoyment (L…
BIMCO embarks on new standard for “quiet enjoyment” Read More »
The fall in the dry bulk market has triggered an increased amount of sales of vintage bulkers, as more owners were incentivized to make moves in the demolition market. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “as anticip…
More Dry Bulk Tonnage Sold for Scrap Read More »