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Marine News:

Dry Bulk Market: Could Coal Become the “Savior” of the Dry Bulk Market?

The disruption in the iron ore seaborne trade this year has been well documented, together with the negative impact that this development has had in the Capesize dry bulk segment. However, analysts point out that coal trade could prove to be a dampening factor in the market, helping to alleviate part of the demise of ......

Heavylift shipping outlook clouded by slowing world trade

The multipurpose and heavylift shipping sector will see strengthening rates through 2019 fuelled by rising project cargo traffic, but prospects thereafter are muted by an anticipated slowdown in world trade. Drewry’s forecast acknowledges that the uncertainty surrounding trade demand is receding slightly as the US and China appear to be moving toward some kind of ......

Towards a zero-emission maritime city journey

Beyond Helsinki’s stunning oceanic horizon lies a myriad of hidden, unspoiled islands just waiting to be explored. A mosaic of narrow channels and passages the archipelago is a sight to behold from the city’s coastline and yet it is only enjoyed upfront by the privileged few who have access to private boats. With the help ......

Dry Bulk Market: New Peaks a Thing of the Past as Harsh Reality Sets In

With the first quarter of 2019 already past us, it’s now becoming increasingly obvious that the dry bulk market will find it hard to experience a third consecutive year of recovery, not to mention new peaks. In its latest weekly report, shipbroker Allied Shipbroking said that “a mere 6 months ago, the prevailing sentiment was ......

BIMCO Sees Hard Times Ahead for Capesizes

China’s increased use of scrap metal for its production of crude steel is fundamentally critical to the dry bulk shipping industry. Mostly Capesize ships are impacted by this, way beyond the temporary iron ore export disruptions in Brazil and Australia. Chinese steel production grew by a massive 12.6 million tonnes (+9.2%) in the first two ......

IMO 2020 – scrubber FAQs for charterparties

The below FAQs about scrubbers are intended to assist members (as owners and charterers) in preparing their charterparties for IMO 2020. Whilst this is not intended to be formal legal or technical advice or an exhaustive list of FAQs, it seeks to identify chartering issues arising from IMO 2020, including potential contractual responsibilities and liabilities ......

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