The outbreak of the novel Coronavirus has dented market sentiment and spooked markets around the globe. When China sneezes, we all catch the flu. This especially holds true for the commercial shipping markets, which remain heavily reliant upon China, b…
Coronavirus impacting the global shipping industry Read More »
Dr Fabian Kock, Head of Environmental Certification, DNV GL – Maritime Dr Fabian Kock joined DNV GL in 2009 after studying mechanical engineering in Hamburg, Sydney and Chennai and subsequently gaining experience in the field of engine developmen…
DNV GL study looks at challenges in scrubber operations Read More »
Amidst a major crisis like the current one, with most of China under lock-down, the shipping industry has a solid opportunity to accelerate the decommissioning of a significant number of older vessels. And as it turns out, this has been the case so far…
Older Ships Are Being Rushed to the Scrapyards Read More »
The Baltic Exchange Capesize Index (BCI) dropped to -133 index points on 4 February 2020, turning negative for the first time ever on 31 January 2020. The composite BDI index (BDI), which has excluded the more stable handysize segment since March 2018,…
Capesize index plummets to -133, the first time ever in negative territory Read More »
On Thursday 30 January, the China Council for the Promotion of International Trade released a statement confirming that China was offering force majeure certificates to local companies unable to fulfil their international contractual obligations due to…
Coronavirus and Force Majeure Read More »