The Greek fleet rose by 2.9% yoy in DWT terms bringing the total to 488.6m DWT in 2024 (Graph 1). In absolute numbers, the fleet went up by 214 vessels of all typs and sizes compared to 85 units in 2023 and 286 in 2022. The number of Greek companies we…
Greek Shipping Fleet on the Rise Read More »
At today’s International Union of Marine Insurance (IUMI) annual conference in Singapore, Mike Brews, Chair of the IUMI Cargo Committee, reported a stable marine cargo insurance market — but cautioned that uncertainty lies ahead. According to IUMI’s la…
A stable cargo marine insurance market but uncertainty looms, warns IUMI Read More »
Ship owners’ “appetite” for dry bulk newbuildings and second hand ships increased last week. In its latest weekly report, shipbroker Banchero Costa said that “in the container sector, Dalian Shipbuilding Industry in China secured an order for 2 x 7,165…
Dry Bulk S&P Market Heats Up Read More »
EDF and The Decarb Hub explore innovative financing concepts to unlock capital for clean fuels, infrastructure and retrofits. The Environmental Defense Fund (EDF) and Lloyd’s Register Maritime Decarbonisation Hub (Decarb Hub), a partnership betwe…
Chinese buyers are fueling a sharp rise in demand for vintage very large crude carriers (VLCCs), with 81% of their acquisitions in this class involving vessels more than 15 years old over the last five years. This trend reflects structural changes in g…
Chinese buyers fueling 30% boom in vintage VLCC values Read More »