The latest data from Xeneta shows a huge jump in the cost of long-term ocean freight rates into Australasia, with all main routes more than twice as expensive as this time last year. Meanwhile, increases since July 2019 threaten to “rewrite industry re…
Ship owners in the tanker and dry bulk segments have been the most reluctant to commit to newbuilding orders, as opposed to their LNG and container shipping counterparts, where decisions are driven by different incentives. In its latest weekly report, …
Rules’ Uncertainty Plagues Dry Bulk and Tanker Read More »
Between 1996 and 2021, the lowest half-yearly tanker contracting volume was 3.0m DWT, recorded in the first half of 1999. Despite improved freight rates and a more positive market outlook, the first six months of 2022 ended with barely more than half t…
Tanker contracting only 1.6m DWT in first half of 2022: lowest half year on record Read More »
Digital systems, autonomous operations, and smart software offer scope to transform most industrial sectors, like the automobile industry for example. But shipping generally lags, and shipbuilding is even further behind the curve due to the various ris…
Digitalisation driving change in shipbuilding Read More »
Ship owners have been quite active in both the newbuilding and S&P markets over the past week. In its latest weekly report, shipbroker Allied said that “the Newbuilding market continued to hold a fair momentum for yet another week, given the relati…
Ship Owners Load up on Newbuildings and Second Hand Vessels Read More »