The retreat of COVID-related disruptions will restore market efficiency and freight rates to better reflect underlying supply and demand fundamentals
Once again seafarers are falling victim to the lack of focus and joined-up thinking from leaders of governments and the maritime industry, which has become apparent during the current on-going crew change crisis.
RightShip and INTERCARGO have announced the launch of an important new quality standard for the dry bulk sector, DryBMS.
A fall in Chinese coal demand and the second round of European virus lockdowns has deflated a nascent dry bulk recovery, despite strong demand for iron ore.
Both companies credit a shared commitment to industry-wide decarbonisation as a driving force behind the five-year contract for five LNG dual fuel Newcastlemaxes
Port days and diverted voyages are having an unusually strong impact on market balances and will play a key role in the short term outlook
MAN Energy Solutions, Hong Kong has signed a service agreement with Pacific Basin Shipping covering field, workshop and technical services on MAN main engines, generators and turbochargers aboard 111 dry-bulk ships.
The ship will operate mainly in the Baltic Sea and the North Sea; it has excellent cargo capacity and can manage well even in difficult Nordic Sea ice conditions.
Drewry expects dry bulk shipping charter rates to recover from the second quarter of 2018 on the back of strengthening Asian iron ore demand, according to Drewry.
Drewry expects that dry bulk shipping charter rates will continue to recover with firm demand and controlled fleet growth.