Uncategorized

A lack of large vessels, available for demolition, has remained the norm over the past week. In its latest weekly report, shipbroker Best Oasis (www.best-oasis.com), said that “the ship recycling markets across India, Bangladesh, Pakistan, and Turkey showcased varied dynamics. India’s market initially displayed stability but soon faced a downturn, indicating a decreasing trend in …

During the second week of March, there’s a notable surge in freight rates, particularly in the larger vessel categories, accentuated by a diminishing number of ballasters. The demand indicator reflected in the volume of South Atlantic daily loaded shipments appeared robust and exceeded the benchmark demand as indicated by the 7-day moving average. In the …

Since 2006, the average container ship has doubled in size to 4,580 TEU and ships with a capacity of more than 12,000 TEU has accounted for 51% of the fleet’s capacity expansion. Today, just 626 ships provide 36% of the fleet’s capacity, and the trend is set to continue as the large ships dominate the …

Tanker newbuildings remained in high demand among ship owners over the past week. In its latest weekly report, shipbroker Banchero Costa said that “tankers remained the most active sector on the Newbuilding scene with Greek Owners still in the spotlights. Cardiff Ship Management booked an order at Jiangsu New Hantong for 2 x 157,000 dwt …

Despite persisting uncertainty around what changes EU ETS will bring for shipping’s finances and contracts, companies can already carve their own pathway to success under the new legislation. This requires adopting a proactive approach and a digital mindset, says Philippos Giannakos, Senior Sales Manager at NAPA Greece. Shipping may have officially fallen under the scope …