A bullish sentiment is prevalent in the dry bulk market, leading to an increased demand for second hand tonnage. In its latest weekly report, shipbroker Allied Shipbroking said that “on the dry bulk side, the market seems to be overflowing with bullish…
Dry Bulk Tonnage in High Demand Read More »
Global container shipping companies’ performance will be strong in 2021 after a profitable 2020, Fitch Ratings says. Spot freight rates will remain high in the short term, which will flow through to contracted rates for 2021. However, we consider…
Global Container Shipping Rates Are High, but Unsustainable Read More »
Bunker availability continues to be tight for residual fuels in Singapore, while fuels are available at shorter notice in Zhoushan and Fujairah this week. Singapore’s fuel oil stocks fell by 8% in the week to 17 February, when they measured 19.38 milli…
ENGINE: East of Suez Fuel Bunker Fuel Availability Outlook Read More »
With oil prices taking a turn upwards and demand expected to pick in the second half of the year, shipbrokers are examining whether this trend is a sign of a more bullish market ahead, which could benefit tankers as well. In its latest weekly report, s…
Tankers: Growing Optimism Ahead? Read More »
It all started with the Basel Convention on the Control of Transboundary Movements of Hazardous Wastes and their Disposal (hereafter The Basel Convention), which was adopted in March 1989 and entered into force in May 1992. To date, it has been ratifie…
The Ship Recycling Regulations: Where we stand today and Which standard to follow? Read More »