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Trade Wars Will Hurt Container Shipping First and Dry Bulk Trade at a Later Stage

While for some it seems surreal to be talking about trade wars in the era of globalization of trade, it seems that we have drawn into such discussions, whether we like it or not. For shipping, one of the main industries which have both contributed and of course benefited from the global trade growth, the ......

Recycling Trends – Younger Tankers and Older Bulk Carriers

The average age of tankers heading in for recycling has dropped below 25 years of age as shown in the yellow line due to lower earnings, which are shown in the white line. Tankers are being scrapped at a younger age than they were during a similar period of rate weakness in 2013. The lower ......

Shipowners face risk of criminal liability for illegal demolition of end-of-life vessels

A Rotterdam court has found Dutch reefer operator Seatrade and two of its directors criminally liable last week for illegally selling vessels for demolition in South Asian yards in breach of the EU Waste Shipment Regulation. The decision appears to be the first time an EU shipowner has been held criminally liable for the illegal ......

Tariffs and Shipping: What will the Immediate Impact be?

With 2018 looking to be the definite “comeback” year for dry bulk market, shipowners of dry bulk carriers were actively looking to return to a full year of profits. Little did they know! President’s Trump administration proposed tariffs on steel and aluminum imports in an attempt to target China and Europe among others. Soon after, ......

A Trade War Is Harmful To Us All And Clearly Bad For Global Shipping

On 1 March 2018, the American President pushed through a metals tariff plan, that puts 25% tariff on imports of steel and a 10% tariff on imports of aluminium. They are set to enter into force on 23 March 2018. The Trump administration seems positive towards protectionism and that picture unfortunately became clear when the ......

Europe’s top shipping nations among worst in IMO maritime climate talks – ranking

European ambition to clean up the shipping sector’s greenhouse gas emissions is being led by Germany, Belgium and France, a new ranking shows. The top three, followed by the Netherlands, Spain, Sweden, and then the UK, Denmark, Luxembourg and Finland, were the most active in pushing for an effective climate plan to be agreed by ......

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