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Roundup of the latest Capesize, Panamax, Supramax, Ultramax and Handysize markets from The Baltic Exchange.
A total of 82 incidents of piracy and armed robbery against ships in Asia were reported from January to December 2019, comprising 71 actual incidents and 11 attempted incidents.
While tanker owners toast their good fortune, bulker operators are downing a cocktail of higher costs, weaker demand and a supply side influx.
Mr Loosley joins from the Institute of Marine Engineering Science & Technology (IMarEST), the international membership body for all marine professionals, which he has successfully led for the last eight years.
The global dry bulk shipping market is anticipated to grow at a compounded annual growth rate (CAGR) of 4.14% during the period spanning 2019 - 2023. The market is expected to be valued at US$402.65 billion in 2023.
There are “very long waiting lists at some shipyards,” particularly in China, for installation of scrubbers on vessels to ensure compliance with IMO 2020 marine fuel regulations, a leading scrubber technologist said this week.
Kyuden signs Agreement with NYK and MOL for the World’s First LNG-fueled Large Coal Carrier: Reduction of GHG Emission by implementing LNG Fuel
The shipping industry faces some very significant challenges over the coming years but has a number of reasons to be cheerful as it enters a new decade, according to accountancy and business advisory firm BDO.