In spite of errors and weaknesses the AIS in combination with low orbit satellites and affordable connectivity with low latency, will create a land of opportunity for the marine traffic and commercial shipping. The race has already started, so therefor…
AIS and the Main Categories of AIS Challenges Read More »
The tanker market is still expected to face some headwinds moving forward, but as the global economy recovers, so will oil demand. In a recent market analysis, ship owner Teekay Tankers said that “crude tanker spot rates remained under pressure during …
Tanker Market Facing Short-Term Challenges, But Outlook Still Positive Says Ship Owner Read More »
Proposals for global tax reform have the potential to undermine the tax policies applied to shipping. The OECD, with increasing support from the G7, plans radical reform of taxation of large multi-national companies. The introduction of a “global minim…
Tax reforms could shake shipping Read More »
Non-stop demand, as well as the lingering impacts of the Suez blockage drove a 19% increase in the Freightos Baltic Global Container Index (FBX) in May to a new high of $5,230/FEU. Delays – though not as severe as some had anticipated – and the resulti…
FBX Index May: Market Summary Read More »
The rally in commodities’ prices has underpinned one of the best dry bulk markets in over five years, given the scale and duration of the existing upward trend. In its latest weekly report, shipbroker Allied Shipbroking said that “things in the dry bul…
Dry Bulk Market Exceeds Expectations, But is The Current Trend Sustainable? Read More »