BIMCO is launching a new survey with the aim of gathering information from shipowners about the effectiveness of their anti-fouling systems (AFS). The information gathered will help BIMCO provide factual information to the International Maritime Organi…
BIMCO Calls On Shipowners To Provide Information On Biofouling Management Read More »
Despite elevated ldt prices for ship scrapping, vintage tanker tonnage and more particularly VLCCs, have remained far from the scrapyards so far in 2021, adding to the supply side of a lackluster tanker market. In its latest weekly report, shipbroker G…
Just Five Older VLCCs Have Been Scrapped During 2021 Read More »
Capesize Both the overall index and 5 time charter (5TC) average climbed back to positive territory at the end of the week after a mid-week decline. BCI closed the week at 6162, which is slightly higher than the Monday opening at 6114. The 5TC recorded…
Dry Bulk Market: Capesizes Ends the Week on a High Read More »
The recent incident to “mega” container vessel, Ever Given in the Suez Canal highlighted the impact one break in the supply chain can mean to global trade. The Ever Given’s 20,388 TEU (20-foot equivalent unit) capacity and cargo remai…
Sailing Stormy Waters: Mega Containerships Read More »
The Russian crude oil export trade has been yet another reason of frustration for tanker owners, as a dismal 2020 is now been followed by an even worse 2021 so far. In a recent weekly report, shipbroker Banchero Costa said that “2020 was overall a very…
Russian Crude Oil Trade Shrinking Read More »