However it’s sliced, at best the oil market faces a mid-cycle slowdown and at worst an end-cycle recession. That was the sobering message from John Kemp, senior market analyst at Reuters, speaking at the Baltic Exchange Tanker Market Insights Webinar a…
Tanker market faces crunch time Read More »
Ship watchers in ports around the world are beginning to wonder: What are those funny-looking structures on the deck of some vessels? Tall columns looking like over-dimensioned funnels, or appendages reminiscent of airplane wings? They are looking at m…
More commercial ships utilize wind technologies to cut emissions Read More »
The dry bulk market has been experiencing some positive momentum of late. In its latest weekly report, shipbroker Allied Shipbroking said that “the dry bulk market has moved on a positive track as of the past couple of weeks or so. Following the typica…
Dry Bulk Market on the Rise Read More »
The International Chamber of Shipping (ICS), representing 80% of the worlds merchant fleet, has warned of supply chain disruption should the free movement of Ukrainian and Russian seafarers be impeded. The Seafarer Workforce Report, published in 2021 b…
The outbreak of war in Eastern Ukraine has raised fears about the impact of further sanctions on global energy markets, coupled with the UK Prime Minister’s announcement today of “a massive package of economic sanctions” to come. As f…
Why the West may sanction Russian Shipping Companies before it sanctions Oil & Gas Read More »