Two major trends are anticipated to fuel growth in the breakbulk sector in 2023, the first being the focus on decarbonisation and the second being the shortage in the construction equipment market, driving the prices...Read more
Dutch shipping company Symphony Shipping has ordered two new Ecobox Xl project carriers with Ferus Smit Shipyards. The vessels are designed with a focus on loading extra-long items like windmill blades and are scheduled for...Read more
ShippingDutch breakbulk and project carrier Spliethoff is experimenting with a new bulbous design to improve the efficiency of its recently acquired fleet of P-Type heavy-lift vessels. The “nose job” is intended to optimize fuel consumption...Read more
ShippingDrewry has launched the Multipurpose Time Charter Index, which tracks one-year period charter rates across a basket of vessel types and sizes and forecasts the market movement over the coming month. The vessel types include...Read more
DecommissioningWith few profitable investment opportunities left as a result of the coronavirus, oil companies will likely increase their spending on decommissioning contracts. Global projects through 2024 could reach a value of 42 billion dollars, say...Read more
Drewry expects demand growth for breakbulk and project cargo to stay positive if the coronavirus is contained by the fourth quarter of 2020. “We expect demand for this year to be on par with 2019...Read more