Demand for bulk carriers in the global grain and soya trades is receiving a boost from strongly rising imports into China. These are mostly long-distance movements, further enhancing bulk carrier employment. After expanding over the past twelve months,…
China’s grain and soya imports upsurge Read More »
BW LPG’s BW Gemini is the first of 12 vessels to get retrofitted with dual-fuel propulsion engines in China. On 4 November 2020, the vessel received class certification and embarked on a historic Transpacific voyage with LPG as its primary fuel. In ord…
Dual-fuel LPG propulsion: A Smart Decision Or A Premature Move? Read More »
The tanker market is bound for a revival, but just how soon this will come is anyone’s guess. In its latest weekly report, shipbroker Gibson said that “the announcement that a Covid-19 vaccine developed by Pfizer/BioNTech is over 90% effective in trial…
Tanker Owners Could be in For More Pain Read More »
Capesize Any lingering doubts concerning the short-term prognosis for the capesize market were swept away this week as the timecharter average shed $2,350 to close at $12,498. A number of factors prevailed, but the erosion in sentiment largely emanated…
As governments come together at the UN International Maritime Organization (IMO) to consider important next steps to decarbonise maritime transport, the global shipping industry urgently calls on them to take forward its proposal for an industry-financ…