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One of the main shortages caused by the existing conditions in the energy markets and the looming sanctions, revolves around diesel. In its latest weekly report, shipbroker Intermodal said that “only five weeks before western sanctions’ full effect, uncertainty over…

The industry is witnessing a major slump in the order-to-inventory ratio with high inventories but slower demands. According to the November edition of the Container xChange Forecaster, this leaves a rippling effect across different stages of container logistics. One of…

Through the unprecedented rise in digitalisation across most sectors, cyber criminals now have more avenues of attack. The attacks are also becoming increasingly diverse, with ransomware, malware, viruses and hacks gaining popularity while at the same time cyberspaces are becoming…

The ship recycling market has continued to show a lack of activity over the past week. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “unlike the skies that will be lit above this weekend for the annual…

In September 2022, head-haul and regional trade volumes were lower than in 2021 into all import regions except the Far East. Remarkably, volumes into North America, which led the surge in volumes during COVID, saw the greatest loss at -20.6%…

As the VLCC market goes from strength to strength, we’re exploring some of the factors that are driving this trend. Oil demand across the world remains robust and is closing in on pre-Covid levels. At the same time, production levels…

More deals are being reported in the newbuilding market, as ship owners are proceeding with further investments. In its latest weekly report, shipbroker Allied Shipbroking said that “things in the newbuilding pivoted over into a more fervent orbit as of…

At COP26 in Glasgow, nations reaffirmed their commitment towards the Paris Agreement temperature goal through the Glasgow Climate Pact. Decarbonizing global shipping is a critical part of reaching the Paris Agreement target of limiting global warming to 1.5°C and building…

The imperative to decarbonise the global shipping industry is clear and present, however, many of the world’s largest importers and exporters are insufficiently informed about the full implications of the forthcoming new emissions regulations and the billions of dollars that…

Tanker owners could be prompted to sell a part of their fleet in order to take advantage of the existing bullish market sentiment and capitalize on potential revaluations. In its latest weekly report, shipbroker Allied Shipbroking said that “the tanker…