The average weighted capesize time-charter gained 2% to $42,370 per day at the close on the Baltic Exchange
Analysis
Trade spat threatens Australian-China gas shipments
Australia is the biggest supplier of LNG to China, accounting for 45% or imports last year, Lloyd’s List Intelligence data…
Global box volumes heavily dependent on US demand
Surging demand in North America is distorting global container demand growth figures. US exports have also faltered as supply chain…
Size matters: inside the Tuas Mega Port project in Singapore
Singapore is the epitome of a modern city, constantly evolving. Defined for two centuries by its status as one of the busiest and most strategically important maritime hubs, the city-state, which sits on the trade route between Asia and Europe, is busy reinventing itself as a global centre for excellence in electronics, manufacturing, energy, chemicals and financial services.
Ranking second in the World Banks’s 2020 Doing Business Report, Singapore’s success as a business destination is driven...
https://www.ship-technology.com/features/size-matters-inside-tuas-mega-port-project-singapore/
Q&A: Moving away from one-to-one communication systems in shipping
Emails have a bad reputation in the business sector because since their inception they were never adapted to fit the current business model, creating unnecessary hurdles within companies’ internal and external communications.
Canadian software developer SEDNA is bridging the gap posed by one-to-one communication systems by creating a business communication system that does not rely on single emails but allows the sharing of messages and emails between all a company’s team members.
To cater...
https://www.ship-technology.com/features/qa-moving-away-onetoone-communication-systems-shipping/
Capesizes retreat on fears of souring China-Australia relations
Freight rate slide prompted by a dip in the forward market could just be a temporary blip in an otherwise…
No end in sight for record box freight rates
Cargo owners face surcharges just to secure slots, on top of high ocean rates. There is some evidence that desperate…
The Lloyd’s List Podcast: Is shipping about to be hit by a global crew shortage?
The crewing crisis never went away, the industry just worked around the problems, but with India now engulfed with a…
Weekly Briefing: An end to the dry bull run? | Box markets count the cash | Tankers wary of coronavirus quarantine
Having hit 11-year highs this week the Baltic Dry Index bull run appeared to be slowing on Thursday as both…
Q&A: the green potential of wind propulsion with BAR Technologies
Despite the deadline set by the International Maritime Organization (IMO) to reduce shipping CO2 emissions by 50% by 2050, the maritime industry is still grappling with decarbonisation and testing different ways to move forward.
BAR Technologies, a spin-off company from the engineering team behind Sir Ben Ainslie America’s Cup winning racing boat, has decided to “go back to the future”, focusing on the development of wind propulsion technology.
Forming a partnership with US multinational Cargill,...
https://www.ship-technology.com/features/qa-green-potential-wind-propulsion-bar-technologies/