Dry bulk carriers have been the “weapon of choice” for many ship owners. In its latest weekly report, shipbroker Allied Shipbroking said that “the year has started off on a very strong footing, with the sale and purchase market having rallied in recent…
Cleaning a ship’s submerged parts from barnacles and other growths, while the ship is in the water, can transfer invasive species to local marine environments unless it is properly cleaned and the debris is captured. To combat this problem, and to prov…
Shipping industry takes new step to protect marine environments Read More »
The Freightos Baltic Global Container Index (FBX) climbed 21% this month to an FBX-high of $4,077/FEU, a 162% increase annually. With the pandemic still raging and consumers still spending on goods instead of services that require leaving the house, de…
Freightos Baltic Global Container Index (FBX) climbs 21% Read More »
Ship owners have turned to the S&P Market this week, in order to add more dry bulk tonnage to their fleet. At the same time, newbuilding activity is expected to increase as well, thanks to improving freight rate market conditions and stable prices….
Ship Owners Looking for More Dry Bulk Tonnage Read More »
Following IHS Markit’s previous update on the upside risk of winter demand, dry bulk vessels anchored near the northern Chinese ports have increased significantly to an average of 372 vessels in week 3 (starting on 11 January 2021) from an averag…