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Iron ore shipments up 3.8% despite weak Chinese demand

“In the first quarter of 2024, global iron ore shipments rose 3.8% y/y on expectation of strong Chinese steel production which, however, failed to...
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Economy

LNG Shipping: High Supply Suppresses Rates as Trade Routes Shift

LNG shipping is undergoing major shifts since the start of 2024. In its latest weekly report, shipbroker Intermodal said that “during Q1 of 2024,...
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Economy

IBIA and BIMCO team up to collaborate on fuel and maritime challenges

IBIA – The International Bunker Industry Association and BIMCO have signed a Memorandum of Understanding (MoU) to collaborate on some of the monumental challenges...
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Economy

New requirements for vessels with engine or shaft power limiters

New requirements will come into force from 29 April at the ports of Melbourne and Geelong for vessels equipped with a mechanical or software-based...
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Economy

Crude Tanker Market Fundamentals Looking Healthy

The crude tanker market could be set for a positive future, as ton-mile demand is about to increase. In its latest weekly report, shipbroker...
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