Recent News

Dry Bulk Market: Ship Owners Turn to ‘08-’11 Tonnage


While the freight rate market for dry bulk carriers has failed to rebound over the course of the past three weeks, demand for second hand bulkers and, more specifically, those built between 2008 and 2011 has kept up its momentum.

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New Coalition Aims to Make Zero-Emissions Shipping Plain Sailing


The World Economic Forum, the Global Maritime Forum and Friends of Ocean Action today launch the Getting to Zero Coalition at the United Nations Climate Action Summit, with the goal of decarbonizing the international maritime shipping sector by 2030. 

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Container Shipping: Ship Sizes Keep Increasing Despite Stagnant Volume Growth


Global growth in container volumes has picked up slightly in the second quarter of the year, with growth in the first seven months reaching 1.2%, compared to the just 0.8% in the first quarter.

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Panama Ship Registry Modernizes Ship Registration


The Panama Ship Registry has announced it will integrate in a single platform “Electronic Ship Registration System (ESRS)”.

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Petrochemical to Drive Future Tanker Demand


When deciding for the type of tanker to invest for in the next 20 years, ship owners should take a closer look at future demand for various oil-based products, as things are bound to differentiate considerably, compared to today’s conditions.

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Ship Recycling Market Ends Summer of Discontent


The ship recycling market hasn’t had the best of summers, when it comes to the level of activity noted. In its latest weekly report, shipbroker Allied Shipbroking said that “for yet another week the flow of demo candidates remained at relatively low levels, leading to a final close of an overall lackluster summer period for the ship recycling market.

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New technology to listen for whale traffic aiming to prevent ship strikes


Scientists from the Benioff Ocean Initiative and Woods Hole Oceanographic Institution have created a a hydrophone (underwater microphone), in order to listen for whale traffic in the Santa Barbara Channel. With this technology, they aspire to prevent collisions between whales and boats.

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Ships Recycling Market Struggles to Find its Footing


The ship recycling market is struggling to find its footing. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “No demand = No demand! For most of the week the market has remained in a subdued state with Buyers still reluctant to engage or place any offer to the table.

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Green shipping is the new gold


A sea change is in the making as the global shipping industry strives to reduce its impact on the environment with innovative solutions like battery-operated vessels, wind-powered ships and carbon-neutral shipping. 

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