The OECD has attempted to put a positive spin on the trade message emanating from its latest economic outlook, released last week. The intergovernmental organisation points to various trade agreements – including the US-China Phase I agreement signed e…
“Longstanding downside risks” to trade outlook Read More »
2021 could offer some impetus for a recovery in the shipping markets, which would in turn bring a rebound in asset prices as well. In its latest report, shipbroker Intermodal said that “heading towards the end of a difficult year and with the entire pl…
Shipping’s Fundamentals Could Offer Reason for Optimism During 2021 Read More »
The recovery of the global oil tanker market will be slow and gradual. We have forecast this many times during 2020, as the COVID-19 pandemic wreaked havoc on past, present and future oil consumption. On 8 December, the U.S. Energy Information Administ…
Discovering the stowaways The tanker vessel, CHAMPION PULA, departed from Lagos in Nigeria on 25 September. After 10 days the vessel arrived Las Palmas for loading operations. To everyone’s surprise four stowaways were discovered by the Spanish p…
The dangerous practice of stowaways hiding in a vessel’s rudder trunk Read More »
The return of Bangladesh in the ships’ recycling market captured all the headlines this past week. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “after months of what can only be described as a sluggish market, and as aforeme…
Ships’ Recycling Activity Up, as Bangladesh Returns to the Market Read More »