Ship orders plummet to lowest level seen this century

New shipbuilding orders in the first half declined 57% to the lowest levels seen this century, according to data from Clarkson Research Services. Just 269 ships – equivalent to 5.75m cgt – were contracted in the first six months around the world, putting many yards in jeopardy of running out of business in the coming year.

Capesize Bulkers In High Demand

Ship owners have intensified their interest towards second hand dry bulk carriers, most notably Capesizes, as a result of the recent market rally. In its latest weekly report, shipbroker Allied Shipbroking said that “on the dry bulk side, a very strong week in terms of activity noted was due. The main driver was the Capesize segment, where a significant number of vessels changed hands as of late. This, however, may well be down to the mere fact that we have seen an excessive bullish trajectory in freight returns during the past month or so. Moreover, given the general improved levels in freight rates and the better sentiment, it is yet to be seen whether we will continue seeing a very vivid SnP market, with an attuned buying appetite being shared across all the main size segments. On the tanker side, a w-o-w growth in transactions was noted, with overall activity though remaining at relatively uninspiring levels for a fair period now. During the past week, we saw a fair movement only…

MSC joins Smart Maritime Network

Container shipping major Mediterranean Shipping Company (MSC) has joined the Smart Maritime Network, an industry membership group focused on increasing the compatibility, standardization, and harmonization of the technology used in the shipping industry.

When big profits look bad

Container lines have done well during the global pandemic, but are they profiteering from the crisis and can anything be done to prevent more carrier-shipper animosity?

Battery-powered, autonomous offshore wind guard vessel introduced

A consortium comprising C-Job Naval Architects, LISA, SeaZip Offshore Service, Sea Machines, MARIN, and eL-Tec elektrotechnologie has unveiled a concept design for an Autonomous Guard Vessel (AGV), to be used for surveillance of offshore wind infrastructure, from wind farms to substation platforms and cable routes.

Weekly Broker: Contrasting fortunes

The dry bulk S&P market maintained a healthy volume of transactions for yet another week with increasing interests across all sizes on the back of further firming capesize rates while asset prices remain attractive. On the contrary, the tanker S&P market saw limited activities, aligning with the weak sentiment in the tanker chartering market.

DFDS lays off 650 employees

Danish ferry and logistics company DFDS will lay off around 650 people in the coming months as part of its measures aimed at adapting to post COVID-19 market conditions.

IMO – The International Maritime Organization

Governments must act to bring seafarers home

Permettre les relèves d'équipages pour éviter une crise humanitaire

I IMO – The International Maritime Organization