Capesize The Capesize market closed the week on a distinctly firmer footing, with gains building across both basins. The BCI 5TC advanced steadily, rising from just over $26,000 at the start of the week to $28,504 by close of play. The Pacific regained…
Dry Bulk Market: Capesizes Building Momentum Read More »
The Marine Environment Protection Committee (MEPC) will meet for its 2nd extraordinary session at IMO headquarters in London to discuss the adoption of the IMO Net-Zero Framework. The IMO Net-Zero Framework refers to a new set of draft international re…
IMO Marine Environment Protection Committee, 14 – 17 October 2025 Read More »
Ship owners have been keeping even obsolete ships from scrapping so far this year, as the cashflows they produce are significant. In its latest weekly report, shipbroker Xclusiv said that “ship demolition activity over the past five years reveals a cyc…
Ship Owners Keep Older Vessels For More Read More »
“Fire in container!” Not words a shipowner or insurers want to hear from a vessel at sea. The risk of container ship fires is, however, a problem that is not going away. We have seen a number of salient, recent examples of fires and explosions posing t…
Seeking safe refuge Read More »
The Club has seen a recent spate of pollution incidents involving the discharge of grey water within territorial waters which fall outside of what is permitted by the local port state authority under national legislation. These incidents have resulted …
Grey Water Regulation: A Growing Environmental Compliance Challenge Read More »