Tag Archives: Shipping

Dry bulk market dynamics shifting Demand for second hand dry bulk tonnage has been rising of late, with shipowners’ focus being the Handysize and Supramax sectors. In its latest weekly report, it is said that following the end of the …

Global Maritime Industry Scrap prices should rise in order to attract more tonnage says shipbroker An underwhelming demolition market has been the norm so far this year, despite expectations that a lackluster freight market, mainly for tankers, could increase tonnage …

Lack of tonnage prevalent in the demolition market Alack of tonnage is becoming evident in the ship recycling market, as the firming up of the freight market has limited selling opportunities among ship owners. In its latest weekly report, shipbroker …

Moody’s: global shipping industry’s strong performance in 2020 set to continue Although the container shipping industry was hit hard by the pandemic in the first half of 2020, the industry managed to stage a turnaround to become one of the …

Bio-lng fuel seen as ‘prime pathway’ to carbon neutrality The gradual introduction of bio-LNG alongside synthetic LNG is expected to incrementally decarbonise shipping towards IMO’s 2050 target of reducing greenhouse gas (GHG) emissions by 50 percent compared to 2008 levels. …

New quality standard and ngo for dry bulk sector launched Supported by the International Chamber of Shipping (ICS) and Bimco, DryBMS is escribed as a simple set of best practices and key performance indicators intended to raise the bar on …

Global Maritime Industry Ocean shipping companies lead the fight against the empty container build-up The willingness of shipping lines to make direct cost outlays and forego revenue to reduce the empty container backlog shows the incredible support being given by …

Dry bulk market expected to rebound during 2021 The dry bulk market could be heading towards a renewed wave of demand for raw materials, as the global economy is expected to grow once more after the pandemic. In its latest …

The shipping industry is one of the most traditional sectors of the economy. As the time passes and technology improves the shipping industry also goes through transformation. Even today, digitization in the shipping industry is treated occasionally and is characterized …

Tanker market looking for direction post-OPEC+ Shipping is eagerly awaiting for the impact of OPEC’s decision in the oil market and subsequently the crude tanker market. In its latest weekly report, shipbroker said that a year ago, US crude production …

Shipping bodies call on Jeff Bezos to take a stand for stranded seafarers at industry round table The leaders of the major shipping bodies met virtually to discuss the most pressing issues facing the industry as we move into 2021. …

Newbuilding activity showing signs of “life” Most of the activity these days is centered around the S&P market, with ship owners looking for quality tonnage, mainly in the dry bulk market. However, some activity was also evident in the newbuilding …