The past month was, in essence, a continuation of the developments which had already been underway for several months. Rates in the spot markets continued to decline sharply, most severely in the Asia to US West Coast market where the levels are now ra…
Containers: Continued downwards trend Read More »
Ship owners have distanced themselves from contracting more newbuildings, despite the fact that sentiment for a number of segments, like tankers for example, is quite positive. In its latest weekly report, shipbroker Allied Shipbroking said that “the s…
Ship Owners Refrain From More Newbuilding Orders Despite Improving Market Sentiment Read More »
Technology is expected to play a significant part in the emissions reduction transition as was highlighted by this year’s World Maritime Day theme of ‘New technologies for greener shipping’, chosen by IMO. And it’s proving to be the case fo…
Efficiency analysis – how do your ships stand up? Read More »
Demand for seafarers is still on the rise, while increase in supply is expected to be weaker in the future. At the same time, consumer price index growth remains elevated. Based on these driving factors, Drewry forecasts a steady increase in wages whic…
Fewer seafarers, higher inflation – where are ship operating costs heading? Read More »
A lack of available tonnage has continued to hinder demolition activity across the Southeast Asia region. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “with Diwali celebrations in full swing this week, observants in the indu…
Ship Recycling: Lack of Tonnage a Major Issue Read More »