Despite the latest efforts by governments around the world, China included, to limit the use of fossil fuel use, tanker demand is still far from over, quite the opposite. In its latest weekly report, shipbroker Gibson said that “for the past two decade…
China To Remain The Dominant Force For the Tanker Market Read More »
China’s dual control policy will depress the country’s chemical shipping demand in 4Q21, which will cap growth in freight rates rising due to port congestions in mid-China river ports. China has issued the Barometer of 2021 Half-Year Regional Energy Co…
Capesize The Capesize market has endured another difficult period of sliding rates as the 5TC sustained losses week-on-week of -8866 to close out at $27,199. On the brighter side, after a month of descent, the Capesize market sentiment closed on a posi…
Dry Bulk Market: Capesizes Still Under Pressure Read More »
Ship owners have been aggressively booking newbuilding yard slots for containerships and gas carriers. In its latest weekly report, shipbroker Allied Shipbroking said that “the Shipbuilding industry continues to hold its primary focus on the containers…
Ship Owners Stock Up On Newbuilding Containerships and Gas Carriers Read More »
The maritime industry and its impact on the environment has been under increasing scrutiny recently, as it has been assessed that it emits around 940 million tonnes of CO2 annually, accounting for almost 3% of global CO2 emissions. It is projected that…