The shipping industry is facing its own version of ‘long COVID’ says INTERCARGO, following warnings received from members. “Seafarers worldwide continue to face major issues with crew change, port entry and changing vaccination requirements,” says Dimi…
Shipping Industry Suffering from ‘Long COVID’ says INTERCARGO Read More »
Larger and ageing tankers have enjoyed a second lease of life through their employment in moving Iranian or Venezuelan barrels. In its latest weekly report, shipbroker Gibson said that “last year saw a notable increase in tanker demolition, recording t…
Ageing Tankers Employed in Illicit Trades, Instead of Heading for Scrap Read More »
Capesize This week, the tailwinds turned to headwinds for the Capesize market as a dip in values amongst bearish sentiment was evident for most regions. The Pacific Ocean trade had the charterers in the driving seat as they often managed to achieve low…
Dry Bulk Market: Capesizes Face Headwinds Read More »
Supply chain challenges continue to worsen, exacerbated by higher levels of port congestion and shipping delays at ports in Shanghai and elsewhere in China due to Covid-19 lockdowns. Coupled with ongoing congestion at ports elsewhere in the world and l…
Container shipping situation worsens due to congestion, delays, and empty containers Read More »
The low numbers of bulker newbuildings bode well for the future, as supply is expected to be kept tight, with owners’ focus being container and LNG ships. In its latest weekly report, shipbroker Intermodal noted that “the newbuilding market activity ha…
Dry Bulk Orderbook Numbers Bode Well for the Future Read More »