Eddie Steamship took advantage of a dip in capesize sentiment to add a fifth capesize to its fleet, but the buyer has not locked in an expected long-term charter. Read more in TradeWinds
Trafigura tied to string of three-year deals as trader locks in crude tanker tonnage
Trader scoops up three VLCCs and a suezmax as shipowners hope for stronger rates next year. Read more in TradeWinds
How EEXI and CII will impact the S&P market
Decarbonisation programmes set by the International Maritime Organization (IMO), shipping’s regulatory body, will be one of the most difficult tasks for the industry in the coming years. This starts with the implementation of the EEXI, and CII criteria, all of which aim to reduce carbon intensity and will impact prices of the existing fleet. The first phase begins in January 2023. Read more in Splash Extra
Weak dry bulk market is forecast for near term
While a weaker note may be expected in the near term, given sliding rates during the past few weeks, optimism abounds for a quick recovery. Read more in Lloyd’s List
Tanker scrapping picking up and expected to continue, MSI says
More tankers are forecast to be sent to the breakers in the coming months, with some segments expecting to see negative fleet growth. Read more in TradeWinds
Offshore oil, gas and renewables spending set to double to US$600Bn
Capital expenditure in oil and gas and offshore wind projects will rise significantly in the next five years… Read more in Riviera
Clean energy targets likely to drive further growth in turbine installation vessel market
Like other analysts, MSI expects a very strong shift from small offshore wind turbines to larger units in the coming decade, with turbines expected to reach a capacity of 20 MW or more. Read more in Riviera
Yang Ming profits in rare containership play: a sublet to a liner rival
Danish giant fights off competition to snare neo-panamax containership in ‘one-off’ deal. Read more in TradeWinds
Parties settle dispute over failed Greek supramax sale
Chinese player receives compensation to drop claims on 14-year-old bulker, which has soared in value. Read more in TradeWinds
China’s slowing property sector may hit bulker demand
Maritime Strategies International explores the impact on dry bulk demand from China’s slowing property sector, with all construction-related commodities likely to see a decline in imports. Read more in Lloyds List