Tag: shipping market

During 2020, overall EU maritime traffic dropped by 10.2% as a result of the COVID-19 pandemic, according to a statistical overview performed by EMSA. Cruise ship traffic was the most heavily impacted.

While there is still uncertainty surrounding the use of synthetic fuels, these could add to the expanding focus on sustainable future fuels benefiting the tanker market, according to Gibson Shipbrokers.

A trio of Covid-19 related risks, inlcuding Business interruption (#1 with 41% responses), Pandemic outbreak (#2 with 40%), and Cyber incidents (#3 with 40%), makes the top three global business risks awaited this year, according to the 10th Allianz Risk Barometer 2021. 

The shipping industry will be facing the highest shortfall of officers to crew the world’s merchant fleet in over a decade by 2026, due to a diminishing attractiveness of a career at sea, coupled with rising man-berth ratios and continued fleet growth, said global shipping consultancy Drewry.

Dry bulk ship operator Asia Maritime Pacific identified new opportunities to help optimise operations across its fleet, using Chevron’s annual oil analysis reports to spot long-term trends in lubricant performance and equipment condition, informs Mr. Barry Wei, Technical Field Specialist, Chevron Marine Lubricants.

Total orders of dry bulk, tanker, and container ships have jumped 119.7% in the first five months of the year compared with the same period in 2020, according to BIMCO.

Baltic Exchange issued its reports for the last week, 17-21 May 2021, to provide information about the tanker and bulk market performance.

The Baltic Exchange issued its reports for the last week, 10-14 May 2021, to provide information about the tanker and bulk market performance.

In the first quarter of 2021 high-sulphur fuel oil (HSFO) has been the only bunker fuel to experience year-on-year growth in Singapore, the world's largest bunkering hub, explains Mr. Peter Sand, BIMCO's Chief Shipping Market Analyst.

It is known that 90% of traded goods are transported over the water. DW News released a video analyzing among others the cargo shipping industry, the chokepoints and the trade routes.