Although tanker scrapping revived in the past twelve months, recycling activity within the world merchant ship fleet has been generally subdued in recent years. But signs point to much larger future volumes of vessels being consigned to shipbreakers’ y…
Shipowners’ muted enthusiasm for scrapping Read More »
The U.S. responded to the Russian invasion of Ukraine by imposing sanction measures targeting not only the core infrastructure of the Russian financial system but also the shipping industry. The US Department of Treasury’s Office of Foreign Assets Cont…
US Response to Russian Invasion with Sanctions on Shipping Read More »
Demand is pretty vivid in the ship demolition market, despite an apparent lack of enough ship candidates. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “this week has certainly raised concerns in the market following the unre…
Demand for Ship Recycling in Healthy Level, Despite a Lack of Candidates Read More »
After a rare dip in long-term contracted ocean freight rates in December and January, container shipping costs are rising once again, with a 3.9% increase in February. The development, revealed in the latest Xeneta Shipping Index (XSI®) Public Indices,…
Expanding to strengthen support in Asia, International Registries, Inc. and its affiliates (IRI) opened offices in Vancouver, British Columbia and Qingdao, China today. This is the first Canadian office of IRI and the 11th office in Asia. The opening o…
IRI Strengthens Support in Asia with New Offices in Vancouver and Qingdao Read More »