In a recent weekly report, shipbroker Banchero Costa said that “the coal market has been hit by a weaker global economy as a result of COVID-19 pandemic and falling industrial electricity demand due to global shift towards cleaner energy. Indonesia, th…
Indonesia Coal Exports Retreat As a Result of the Pandemic Read More »
Asbjørn Halsebakke, Director, Technical Solutions, Marine, Yaskawa Environmental Energy / The Switch, argues that shipyards, and the industry that supports them, must shift away from a blinkered approach to CAPEX. By expanding our horizons beyond cost,…
Are shipyards short-sighted? Why shipping needs to change focus for a sustainable future Read More »
On August 19, 2020, the US Department of State notified Hong Kong authorities of the suspension or termination of the shipping tax treaty between the US and Hong Kong (the “Shipping Tax Treaty”). This step was mandated by Executive Order 13936, issued …
US withdrawal from Hong Kong shipping tax treaty: effects and considerations Read More »
The rebound of the tanker market is mostly dependent on the release of a vaccine to combat COVID-19, as this will prove to be the determining factor towards unlocking the global economy and with it, oil demand. In its latest weekly report, shipbroker G…
Tankers: A Vaccine Would Boost Oil Demand Read More »
Capesize It was a tough week for Capesize owners as the market was seen to ebb away on underwhelming activity levels. It’s uncharacteristic for this time of the year, although 2020 is anything but normal. The week’s movement saw Brazil C3 l…
Dry Bulk Market: Capesizes Faced a Tough Week Read More »