The VLCC market took a turn for the worse this week, as activity slowed in all areas and ships piled up.

Markets - VLCC activity slows

Mar 29 2019

Charterers received double digit offers, but initially at below last done levels. 

Thus, we expect rates to drop further as the week progresses, and owners could find themselves trading at OPEX levels before long, Fearnleys said in its weekly roundup.

At the time of writing (Wednesday), WS45 was concluded with a ship older than 15 years for MEG/East, and modern tonnage will probably follow suit soon.

In contrast, Suezmaxes saw fairly good activity in the West last week, and finally the tonnage list for cargoes out of West Africa on natural dates looked more healthy.

Rates are still scraping the bottom of what owners consider to be beneficiary, compared to anchoring and waiting for better times. At least

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Is the passenger transport sector seeing 2020 clearly?

 

 

 

 

Passenger Ship Technology

 

Thu 11 Oct 2018 by Rebecca Moor

     
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Per Funch-Nielsen (20|20 Marine Energy): There are issues to consider surrounding passenger ship operators' choices for meeting the 2020 low sulphur directive

While many passenger ship operators have decided how they will meet the 2020 low sulphur directive, there are issues to consider surrounding their choice. Senior associate at 20|20 Marine Energy Per Funch-Nielsen explains

Come 1 January 2020 all ships will need to reduce their sulphur emissions by more than 80% at a minimum from a maximum of 3.5% sulphur to 0.5%. It's a huge change for the passenger and ferry sector, and it will be the

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Freight Market Outlook for

 

 

 

 

SANNE MANDERSAIR FREIGHTFREIGHT FORWARDINGOCEAN FREIGHT

2017 was an interesting year for the global freight market. The growth of ecommerce sparked air freight capacity shortages on core trade lanes and drove air freight rates to record highs. The ocean market in 2017 was more stable, with greater predictability (fewer blank sailings), an early and flattened-out peak season, and price levels between 5% and 20% higher than in 2016. This was mostly driven by the unsustainable market in 2016 that led to Hanjin’s bankruptcy and massive consolidation. Further significant disruptions were caused by the Petya malware virus and storms like Hurricane Harvey, leading to delays, re-routings, and temporary capacity issues.

It’s January again, and many in the logistics community are making plans for

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The shipbreaking industry where workers die on the shores of Bangladesh

 

 

 

 

https://www.freightwaves.com

August 09, 2018 Vishnu Rajamanickam, staff writer

 

 

(PHOTO: SHUTTERSTOCK)

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This year, falling freight rates have led many shipping lines to send their old oil tankers to an early grave - to the South Asian shipbreaking yards where they are torn down over a matter of weeks and end up as a scrap pile. On the shores of Bangladesh, which hosts the world’s largest ship recycling industry, shipbreaking is often seen as the work of hired hands from the poorest sections of the Bangla society.

“Shipbreaking started in Bangladesh in the 1960s. It happened when local people saw that breaking ships was a bit profitable, and they started getting financing for the job - there was no environmental or workers’

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ht Market Outlook for

 

 

 

Freig

 

SANNE MANDERSAIR FREIGHTFREIGHT FORWARDINGOCEAN FREIGHT

2017 was an interesting year for the global freight market. The growth of ecommerce sparked air freight capacity shortages on core trade lanes and drove air freight rates to record highs. The ocean market in 2017 was more stable, with greater predictability (fewer blank sailings), an early and flattened-out peak season, and price levels between 5% and 20% higher than in 2016. This was mostly driven by the unsustainable market in 2016 that led to Hanjin’s bankruptcy and massive consolidation. Further significant disruptions were caused by the Petya malware virus and storms like Hurricane Harvey, leading to delays, re-routings, and temporary capacity issues.

It’s January again, and many in the logistics community are making plans for the

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