Home / Tag Archives: Tops (page 3)

Tag Archives: Tops

Ship Repairs Proving Costlier and More Difficult Scheduling-Wise

Performing scheduled maintenance or ship repairs is proving to be yet another challenge these days, in the aftermath of the war in Ukraine. In its latest weekly report, shipbroker Intermodal said that “while observing the ship repair market since the beginning of the year, uncertainty remains part of the daily challenges owners must encounter for repairing their fleet. Nowadays not only the ongoing unprecedented effect of the pandemic is heavily affecting the ship repair market but also the shock of the long-lasting war between Russia and Ukraine”. According to the ...

Read More »

EU Fit for 55: ‘Contracts for Difference’ can incentivize zero-emission fuel investments and accelerate the shipping sector’s decarbonization transition

Over the next months, the European Union (EU) is introducing a range of policy and regulatory proposals related to the shipping industry as part of the ‘Fit for 55’ package. The package is aimed at achieving the decarbonization goals set out in the European Green Deal. The newly published Getting to Zero Coalition Insight Brief – “How EU Contracts for Difference can support zero-emission fuels” – outlines how the EU could use shipping related Emissions Trading System (ETS) revenues to fund a program of targeted Contracts for Difference (CfD) to ...

Read More »

FBX Index May: Looking forward

The Asia outbound market had seen a decline throughout April, largely driven by the shutdown of several sections of China following COVID outbreaks and strict anti-COVID measures. Anecdotally at least, output has dropped between 40-80% with China manufacturing output dropping to its lowest level in two years (official PMI). Whilst this decline has been fairly progressive on the Asia-Europe and Asia-Mediterrenean routes, movements on the Asia-US West Coast and East Coast indexes have been characteristically violent. FBX01 China/East Asia to North America West Coast dropped $376/FEU from 1 to 28 ...

Read More »

Product Tankers: Growth of Refining Activity Expected to Support Freight Rate Market

An expected boost of refining activity across the globe is expected to boost demand for product tankers in the coming months. In its latest weekly report, shipbroker Gibson said that “in recent weeks, headline refining margins have surged to record levels, whilst clean tanker rates have also tested or exceeded previous records depending on the region/route. Rates remain volatile and with the International Energy Agency predicting that global refining runs will surge by 4.4 million b/d from April to August this year, owners have good reason to be optimistic in ...

Read More »

Dry Bulk Market: Capesizes On Higher Ground

Capesize The Capesize market has made the most of the short working week as rates have lifted strongly, with the 5TC now residing at $24,002 – up $6262 week on week. The positive market sentiment was largely Pacific led yet that didn’t stop the Atlantic Basin and ballaster trades from getting in on the act, as all regions posted big gains. Cargo levels in the north Atlantic are heard to be poor yet a wide range of rate levels have been mentioned as the market struggles for visibility in the ...

Read More »

Q&A on zero-emissions ocean shipping

What does Stand.earth’s vision for zero-emissions ocean shipping look like? As a founding member of the Ship It Zero coalition calling on consumer giants Walmart, Target, Amazon, and IKEA to transition to zero-emissions cargo shipping by 2030, Stand.earth regularly gets questions, like “What does our vision for a zero-emissions shipping industry look like? Is it possible? What technologies are already out there? How long will it take?” Here are our answers to some of your most pressing questions. What is Ship It Zero? Ship It Zero is a coalition led ...

Read More »

Shipping – So Far – Withstands Negative Impact from Trade and Global Economy Slowdown

The shipping markets appear to be weathering the storm of a slowdown of the global economy. In its latest weekly report, shipbroker Allied Shipbroking said that “woes continue to mount over the state of the global economy moving forward, further amplifying after the U.S. economy posted an unexpectedly strong drop in the first three months of the year. This is the first contraction noted since mid-2020, with many noting the high inflationary pressure is likely proving to be too much to handle for the majority of consumers. According to Allied’s ...

Read More »

Improvements to safety of shipping

Autonomy, distress systems, and fuel cell and oil fuel safety topped the agenda at last week’s IMO Maritime Safety Council 105th meeting. The outputs of the bi-annual meeting are keenly watched by the shipping industry as its decisions have far-reaching impacts for ship owning, operating and servicing. In a technical briefing, DNV GL noted the meeting highlights as: 1) Adoption of amendments to modernise the requirements of the Global Maritime Distress and Safety System (GMDSS) 2) Approval of draft SOLAS amendments to enhance the safety of ships relating to the ...

Read More »

Trading prices and leasing rates decline for second-hand containers

The latest container logistics report issued by Container xChange, a marketplace and technology infrastructure provider for container logistics companies, indicates a decline in average prices for second-hand containers. The report also shows a decline in average one-way pickup charges for containers Ex China to Europe North, Europe Med, Northeast Asia and the Middle East and Indian Sub-continent (ISC). While pick-up charges for a 40HC and 20DC from China to these regions increased in March, they have declined in April, with prices at $2,930, and $1,200 respectively. Commenting on these developments, ...

Read More »

S&P Activity Rising, as Newbuilding Orders Stall

Ship owners have turned to second hand ships over the past couple of weeks. In its latest weekly report, shipbroker Allied Shipbroking said that “shipbuilding activity was started off at a relatively sluggish pace at the beginning of this 2 week period as the situation in Shanghai had significantly reduced demand negatively influenced the overall mood and appetite for new orders. Yet since that point we have managed to see the market regain part of its momentum over the past week. The situation in China has frozen both construction procedures ...

Read More »

FBX Index: The China Covid effect enters a new phase

Shanghai continues to be under a shifting array of lockdown regulations and the reality is manufacturing and local landside logistics remains significantly impacted. For the first month of the lockdown the container carriers continued vessel operations almost as normal. This was sensible as the alternative would be to discharge Shanghai-bound cargo in other ports, in turn creating bottleneck problems there. Additionally, empty repositioning into Shanghai is important in preparation for the coming peak season. This can be called the first phase of the Shanghai lockdown. The first phase of the ...

Read More »

March retail volumes at 0.0% m/m as EU retail trade stagnates

As European Union retail trade stagnates, the question for the Far East to Europe container trade will be whether consumers will buy less or cheaper. The so-called Far East to Europe trade includes trade into North Europe as well as countries bordering the Mediterranean and Black Sea. Within this definition of Europe, the twenty-seven countries in the European Union (EU 27) make up 55% of economic activity. Still, retail trade in the EU 27 has in the past shown a strong correlation to overall Far East-Europe trade volumes. “Retail trade ...

Read More »

Demolition Market Devoid of Ships

The ship recycling market is in a lull, not because of a lack of demand, but because of a lack of supply. In its latest weekly report, shipbroker Clarkson Platou Hellas commented that “with various holidays in effect, the market took on a much quieter role this week but there have been further signs of a weakening market from all the recycling destinations in the Indian Sub. Continent. As we arrive towards the end of Ramadan, and subsequently head into the Eid festivities, in addition to Golden week in the ...

Read More »

Maximising operational availability: MacGregor sees tipping point for condition-based maintenance

WIth today’s uncertainty in the world, shortage of competence and higher costs, owners and operators realise the benefits of original equipment manufacturer support in the digital age. Whilst condition-based information backed by responsive specialist support and technical expertise have become increasingly key to effective maintenance planning and maximising operational availability. “In the past, the service organisation footprint and logistics management capabilities required to effectively support ships in operation and maintaining a schedule have perhaps not been fully recognised,” says John Carnall, MacGregor’s Senior Vice President, Global Services. “With the high ...

Read More »

MTF report shows pathway to achieving industry consensus on the safe use of ammonia

A new report from the MTF’s ‘Project Ammonia’ examines MTF members’ views on the applicable international safety regulatory framework for ammonia as a marine fuel and its future development MAY.04.2022. Houston. The Maritime Technologies Forum (MTF) has today released a new report on the use of ammonia as a marine fuel. The preliminary discussion report reveals various ideas and diverse comments on the use of alternative fuels from different points of view, while not prioritising any opinion in a specific direction but rather underlining the need for further research and ...

Read More »

Recent Videos

Hellenic Shipping News Worldwide Online Daily Newspaper on Hellenic and International Shipping