The Cyprus Shipping Deputy Ministry (SDM) has announced a new range of green incentives to reward vessels that demonstrate effective emissions reductions. From the fiscal year 2021, annual tonnage tax will be reduced by up to 30% for each vessel that d…
Tonnage Tax Reductions Of Up To 30% With New Cyprus Green Incentives Programme Read More »
Seaborne iron ore trade continued to be dominated by China, even more so, during the pandemic. In its latest weekly report, shipbroker Banchero Costa said that “seaborne iron ore trade remained relatively resilient in 2020, at least in Asia, despite th…
China’s Iron Ore Imports Up 6.5% During 2020 Read More »
Container shipping: The year 2020 was full of highs and lows for liner operators marked by a significant swing in fortunes. While carriers struggled in the first half not knowing how to deal with COVID-19 led downturn, in the second half, carrier condi…
Drewry Maritime Financial Insight – January 2021 Read More »
In 2019 the international liner shipping industry transported 226 million containers around the world with a cargo value of more than US$4tn. Many of these were carried on ships’ decks but – due to container stack collapses – not all arrived safely. De…
Container stack collapses – causes and solutions Read More »
Scrubber uptake has been quite widespread in the VLCC segment, with shipbroker Gibson estimating that up to 31% of the existing fleet already fitted with the systems, while by the end of 2021, that share is expected to increase to about 40%. Scrubber m…
One in Four VLCCs to be Fitted With Scrubbers By the End of 2021 Read More »