Recent increases in hull and machinery (H&M) premiums are set to be repeated and some owners will face further significant insurance cost increases in 2022/23, as restructuring and re-pricing of the H&M market consolidates and syndicates contin…
Hardening H&M insurance market to stoke higher ship opex inflation Read More »
The COP26 summit in Glasgow in November highlighted the increasing pressure for all industries, including the shipping industry, to decarbonize. The challenge for the Australian petroleum industry and other major users of deep-sea shipping will be to s…
Industry partnerships key to decarbonizing the commodity value chain Read More »
The tanker market needs every good news it can get these days and the impending strategic petroleum reserve release seems to be a net prositive for it, even if not to the extent required to lift rates in a significant manner. In its latest weekly repor…
Tankers: Strategic Petroleum Reserve Release is Positive for the Tanker Market Read More »
Capesize Overall it was not a very active week, with limited fresh cargo support from either of the basins. The BCI and timecharter average started the week at a level close to 1800 points and $15,000, but remained in negative territory until a margina…
Dry Bulk Market: Capesize Market Not Very Active Read More »
The Clydebank Declaration was launched at COP26 in November 2021 with initial supporters including Australia, Belgium, Canada, Chile, Costa Rica, Denmark, Fiji, Finland, France, Germany, Ireland, Japan, the Republic of the Marshall Islands, the Netherl…