Shipowners’ appetite for newbuildings has kept its positive trajectory, as has been the case for most of 2022 so far. In its latest weekly report, shipbroker Allied said that “the Shipbuilding market moved on a positive trajectory as of the past week, …
Newbuilding Orders On Positive Ground Read More »
Just four weeks ago we wrote about Singapore VLSFO prices being at an all-time high of $765/mt. Since then, Singapore prices have hit $1,027/mt and Rotterdam prices have been even higher at $1,109/mt. The reasons are obvious and bunker prices clearly c…
Prices are high, daily volatility is high and European bunker prices are above Singapore Read More »
“ What maximum winds are expected in the storm area?” That is one of Standard Marine Communication Phrases under the International Maritime Organization (IMO) that officers in charge of navigation on ships, whatever their nationality, must be able to u…
The IMO and WMO – Providing weather information to support safe navigation Read More »
The ship recycling market has entered a correction phase, after several weeks of price increases. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “this week saw price levels tumble southwards on the back of falls in global stee…
Correction Time for the Ship Recycling Market Read More »
In recent days the shipping industry is facing severe challenges with uncertainty on the threat of a ban on Russian exports. The U.S. has eventually officially announced the decision of banning Russian oil imports and the reaction of Russia came later …
Russian-Ukraine Crisis. Thoughts on Russian Export Ban Read More »