In a discussion on where shipping markets were headed in 2023 the container sector is still waiting to settle on a new normal, while volatile bulker and tanker markets make investments in newbuildings uncertain.
China State Shipbuilding Corporation (CSSC) has made breakthrough in large-size LNG carrier construction market and securing 49 large-size LNG carrier orders in 2022.
“If the war in the Ukraine were to end tomorrow, would the patterns of LNG shipping move back to the way they were prior to February 24th, 2022?” was a question asked by Evercore ISI expert analyst Sean Morgan, on a webinar in mid-January.
OCIMF is overhauling its Ship Inspection Report Programme (SIRE) to future-proof the regime and enable it to evolve with changing risks and requirements.
After facing exceeding resistance, John Fredriksen’s Frontline has now called off its acquisition of Euronav representing something of a victory for Saverys family interests who had sought to block the deal.