World steel demand is expected to surge 4.5% this year after near-zero growth in 2020. Steel traders and movers can then look forward to a further 2.2% growth in 2023, according to the latest Short Range Outlook from the World Steel Association (worlds…
Developed Nations Lead Steel Recovery Charge Read More »
The dry bulk market’s rally has come to an abrupt end since reaching a 10-year high at the start of October, losing close to 45% since. In its latest weekly report, shipbroker Allied Shipbroking said that “the Capesize market has witnessed an excessive…
Dry Bulk Market: “Cracks” Are Starting to Show in the Capesize Segment Read More »
With the need for action on climate change becoming increasingly urgent, the maritime industry could make good use of autonomous technology to support its decarbonisation efforts, advises One Sea, the open alliance leading the way towards autonomous sh…
One Sea clear on environmental benefits of autonomous shipping Read More »
Bunker sales in the world’s largest bunkering hub fell to 3.94 million tonnes in September, the lowest level since June 2020 and a 6.7% drop from September 2020. Compared to September last year, the largest drop is registered in sales of low-sulphur fu…
Singapore’s September bunker sales fall to 15-month low Read More »
Bunker fuel oils are tight for prompt dates with several suppliers in Rotterdam, while ships face bunkering delays from weather suspensions in Malta and Algoa Bay. Longer lead times should be considered for HSFO380 stems in Rotterdam after supply tight…
ENGINE: Europe & Africa Bunker Fuel Availability Outlook Read More »