In its latest weekly report, shipbroker Allied Shipbroking said that “undoubtedly, we are amidst one of the best rallies seen for many years now in the dry bulk sector, with many market participants already anticipating a similar trend to take place du…
Optimism Takes Center Stage in the Dry Bulk Market Read More »
Decarbonization is now one of the most critical challenges for the maritime industry apart from the global pandemic COVID-19 and oversupply of ships. The pathway is already there and industry players are taking the necessary steps to reach the goal for…
The time container ships spend waiting on anchor for berths more than doubled since 2019, according to IHS Markit’s Port Performance Data. North America saw the biggest deterioration with vessels spending on average 33 hours on anchor in May 2021 vs an…
Surge In Container Ships Needing To Anchor At Port Waiting For Berths Read More »
US fuel oil inventories are at their lowest point since 1 January, after stocks in the Gulf Coast region fell by 6% on the week to 9 July, according to data from the Energy Information Administration (EIA). The country’s inventories have been drawn as …
ENGINE: Americas Bunker Fuel Availability Outlook Read More »
The ship recycling market has once again heated up, with ship owners financially incentivized more than ever to sell their older tonnage. In its latest weekly report, GMS (www.gmsinc.net), the world’s leading cash buyer of ships said that “Sub-continen…
Ship Recycling Market is “Red Hot” Read More »