Capesize The market took on a mild downward slide during this week with the 5TC opening at $14,224 to close out at $11,934. The Pacific basin on its own showed a little more stability, remaining largely flat on the transpacific C10 and ending the week …
Dry Bulk Market: Capesizes Experience Mild Downward Slide This Week Read More »
It was a clear February night off the port of Jebel Ali, UAE in 2015. The conditions were benign, and visibility was good. EVER SMART, a large container ship owned by Evergreen and insured by Gard, was proceeding up a narrow channel which connects the …
Evergreen wins landmark collision case in UK’s Supreme Court Read More »
The tanker market is expected to keep facing headwinds, at least for the next few months. In a market analysis by ship owner Teekay Tankers this week, it was noted that “crude tanker spot rates declined during the fourth quarter of 2020, due to a combi…
Tanker owner expects “challenging months ahead” for the market Read More »
The attractiveness of a career at sea has been an industry concern for a number of years. Long periods away from home, increasing administrative demands for paperwork on board, and the threat of criminalisation being major factors. Covid-19 impacts, wh…
Seafarer supply is expected to tighten heralding higher manning costs Read More »
Liberalising global maritime transport has far-reaching benefits, according to the International Chamber of Shipping – and it’s not just the maritime industry that would gain. A study from the ICS has recommended that national economies work toge…
Trade liberalisation a rapid route to recovery Read More »