A constant need for reassurance is one of the phenomena of our age. Stay in a hotel, communicate with your bank, have your car serviced and no sooner have you finished this commercial transaction and you will be invited to “rate your experience”...
A record high crude oil tanker delivery amounting to 5.5m dwt in January has instantly threw the sector's demand-supply out of balance and put pressure on freight rates, according to a latest report by Bimco.
European politicians and legislators both in the European Union and in Greece have to realise shipping is a pillar of the European economy and Greek shipping is a pillar of European shipping and is vital to the economic welfare of all of Europe.
Dry bulk shipowners need to accelerate the scrapping of older tonnage from the second half of 2016 to see continued recovery in the sector.
Tonnage growth in the global crude oil tanker market is signalling trouble as the demand-supply balance is being threatened, according to a recent report by Bimco.
Shipping association Bimco has welcomed this week’s decision by the EU Council to extend the mandate of the EUNAVFOR Operation “Atalanta” to combat piracy off the coast of Somalia for another two years until end-December 2018.
There is very limited scope for consolidation in the dry bulk sector and what is needed for recovery is logic.
Dry bulk shipping is witnessing Chinese imports of coal rising to two-year high, but shorter sailing distances are limiting the upside of the higher imports, according to Bimco.
The scale of the cyber-security threat against shipping is unknown according to Giles Noakes, chief maritime security office of Bimco.