For nearly 200 years, Bureau Veritas has ensured the safety of the shipping industry through testing, inspection and certification. However, the rise of the global COVID-19 pandemic left this age-old industry faced a brand-new challenge. “The process o…
How COVID-19 accelerated digital transformation for a centuries-old industry Read More »
The ship recycling market in Southeast Asia has picked up pace over the course of the past week, as more ship breaking yards entered the foray. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “the recyclers from Bangladesh have…
Competition Heats up in the Demolition Market Read More »
There is no denying that a sudden plunge in oil demand on account of COVID-19 proved to be a blessing in disguise for the oversupplied crude tanker market in 2Q20, which led to a surge in onshore and offshore storage of crude in March-April. While an i…
Floating Storage: A Ticking Time Bomb For The Crude Tanker Market Read More »
However, despite the disruption this year, the effects of the tariffs remain clear and the long-term shifts that were already occurring before the pandemic are unlikely to be reversed. One of the most obvious impacts is the shift in the Asian manufactu…
US-China trade war reinforces change in Asia’s manufacturing landscape Read More »
Newbuilding orders for dry bulk carriers seem to be on the up. In its latest weekly report, shipbroker Allied Shipbroking said that “it was an interesting week in the newbuilding front, with news over a fair number of fresh orders emerging especially i…
Dry Bulk Newbuilding Orders Pick Up Pace Read More »