Russia’s invasion of Ukraine will impact seafarer availability to crew the world’s merchant fleet, particularly for officers where supply has tightened, leading to rising wage inflation and higher vessel operating costs. Both Russia and Ukraine have hi…
Russia-Ukraine conflict to drive up seafarer wage inflation and vessel operating costs Read More »
The deadline for compliance with the IMO’s Energy Efficiency Existing Ship Index (EEXI) is looming. Are charterparties flexible enough for the transition phase? How should parties approach the new time charterparties which they are entering into to cat…
Under the lens – BIMCO’s EEXI transition clause for time charterparties Read More »
The newbuilding activity has been growing on a steady pace over the course of the past few weeks, despite ongoing uncertainty. In its latest weekly note, shipbroker Allied Shipbroking said that “newbuilding contract volumes continued on an overall posi…
Newbuilding Orders Edging Higher Read More »
Global seaborne trade has grown enormously in the last 25 years, now accounting for roughly 80% of the total volume of global trade each year. Global trade will likely continue to grow in the future, as will the volume of goods transported by sea. At t…
Act Now or Pay Later: The Costs of Climate Inaction for Ports and Shipping Read More »
Container Freight Rates going from the Far East to the Mediterranean have been flat since this year, holding at USD 14 000 per FEU on the spot market and close to USD 9 000 for long-term contracts. In fact, on the short-term market, rates haven’t grown…