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2022 to date has seen a total of 292 Container sales, with the majority of these transactions taking place in the in the first half of the year. In October there were just nine Container sales reported, compared to 47…
As world leaders gathered in Sharm el-Sheikh, Egypt, for COP27 on November 7-8, emissions from shipping remained a key focus. While shipping is not covered by the Paris Climate Accord – the main thrust of COP27 – the decarbonisation of…
The LPG shipping market has experienced considerable growth this year, with global exports growing by 3.8% from January to October. In its latest weekly report, shipbroker Banchero Costa said that “global LPG (liquified petroleum gas) trade was very disappointing in…
Ocean carriers on the Asia to West Coast trade are fast approaching the point where they will lose money on every container they haul as plummeting spot rates sink near pre-pandemic levels and bump up against a new break-even level…
Capesize Activity in the Capesize market had the 5TC pushing in value over a few days in midweek. However, pessimism prevailed as the rates dropped down to close the week -895, settling at $12,807. Some chatter in the market expects…
The VLCC tanker market should retain its positive momentum as the year draws to a close and even more so in 2023. In its latest weekly report, shipbroker Gibson said that “VLCC earnings have been remarkably strong over the past…
“While autonomous technology is available, the biggest challenge is building trust in automated systems that can function safely in many different maritime situations without human intervention,” explains DNV’s SAFEMATE Project Manager Grunde Løvoll. Decision support system for safe navigation “Automated…
BIMCO has published a revamped version of the popular GENCON charterparty. Our author, Helena Biggs, was a member of the drafting committee. She highlights the changes and the reasons behind them. One of the critical questions in publishing a new…
The European region is looking to import as much LNG as it can, with tankers facing an uphill “battle” against time and other clients from other regions, to cater to this demand. In its latest weekly report, shipbroker Intermodal said…
It is undisputable that we need to drive a lower carbon future. But how can we best achieve this with the resources we have at hand? In this article Kenneth Tveter, Head of Clarksons Green Transition team provides his views.…