In a landmark ruling the International Labour Organisation’s (ILO) Committee of Experts has sent a strong message to governments that they have failed in their duty of care towards seafarers under international law during the COVID-19 pandemic. In the …
Crew Changes: UN Agency finds governments in breach of international law Read More »
Demolition activity has picked up pace as the year draws to an end. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “the stability witnessed in the market this week has provided a much-needed backbone for Cash Buyers and broker…
Demolition Activity Picking Up Pace Read More »
As spot container freight rates entered December, they also entered record-braking territory, climbing from USD 3,076 per FEU on the last day of November to USD 4,858 per FEU on first day of December. This was a milestone in its own way. Since then, al…
Container shipping remains disrupted by box equipment shortages which are restricting available capacity and so forcing freight rates to record highs. However, this is being driven by empty container repositioning issues rather than inadequate fleet. A…
Container equipment shortage due to logistics not fleet underinvestment Read More »
Newbuilding orders have continued their strong pace as 2020-end closes in. In its latest weekly report, shipbroker Allied Shipbroking said that “it seems that we will have an interesting end to the year, as recently we are witnessing increased news of …
Newbuilding Ordering Activity Picks Up Pace Read More »