A new DNV class notation which implements structural and safety requirements for multipurpose and general cargo ships occasionally carrying bulk cargo has been available since July 2022. Maritime Impact spoke with DNV’s Ship Type Expert MPV Jan Rüde ab…
New class notation for bulk-carrying general cargo ships Read More »
The rerouting of seaborne crude oil trade is in full swing, as evidenced by the fact that the EU is now the destination of one third of total US crude oil exports. In its latest weekly report, shipbroker Banchero Costa said that “2021 was a very negati…
US Crude Oil Exports to Europe Have Risen by 52.2% So Far This Year Read More »
Handysize values have increased this month across most ages, following a period of decline. Values for generic 10 year old Handysizes have moved up by c.2% since the start of October to USD 16.70 mil. Interest in the Handysize sector has led Bulker sal…
VesselsValue: Handysize values moving up in October, While LNG Values Skyrocket Read More »
Global trade growth looks set to plummet from 10.1% in 2021 to 4.3% in 2022, with further slippage to 2.5% in 2023, according to the latest International Monetary Fund’s World Economic Outlook (WEO). While this is noted as higher growth than in pre-pan…
Hard reining in of trade growth Read More »
The dry bulk market has failed to impress over the past few weeks, with the gloom now starting to translate to asset values as well. In its latest weekly report, shipbroker Allied Shipbroking said that “it is a fact that conditions in the dry bulk mark…
Dry Bulkers Values Enter Bearish Territory Read More »