While multipurpose vessel (MPV) rates are expected to soften through 2023, the rate of decline is expected to be less than in competing sectors such as containerships and handysize dry bulk carriers, according to the latest forecasts from Drewry’s Mult…
Multipurpose shipping to outgun competing sectors Read More »
The tanker market is expected to experience a positive 2023, according to the majority of analysts. In its latest weekly report, shipbroker Gibson said that “whilst 2022 ended with a fanfare, there is now a quieter feel for tanker markets as we step in…
Tankers in 2023: More Reasons to Be Optimistic Than Pessimistic Read More »
Capesize The decline in the first week of the year appeared to be no surprise to the market due to the lackluster activity and seasonal headwinds since the holiday season. The average rate of the Capesize 5 timecharter (5TC) routes had its sharpest fal…
Dry Bulk Market: 2023 Starts With Sharp Declines Across the Board Read More »
Climate change and energy uncertainty in the face of political conflict have brought new urgency to the energy transition, and nations around the world are accelerating the planning and construction of onshore and offshore wind farms to replace fossil …
New DNV Deck Carrier notation supports emerging ship type Read More »
2023 has began with most experts expecting a mixed bag for the various shipping segments. In its latest report, shipbroker Intermodal said that “the United Nations Conference on Trade and Development (UNCTAD) published a Global Trade Update on December…
Will 2023 be the “Mixed Bag” Everyone’s Expecting For Shipping? Read More »