The first half of 2021 has been a good year for the shipping industry and global Trade flows as the effects of last year’s Covid pandemic subside. Let’s take a look in detail. While 2021 was on a downward trend for the Bulker market, it rallied in the first half of the year, with all…
Capesize Price Levels are at their highest level in the last 10 years. Let’s take a look at the reasons of the sharp price increse in Capesize rates. Capesize freight rates hit a ten-year high on August 18. The main reason is the major iron ore route from Brazil to China as bullish fundamentals and…
Shipping is a global industry that has been in the world of commerce since ancient times. But most people know little about it. Let’s take a look some interesting facts below; 1- 90% of the world’s goods transported by the international shipping industry. 2- It is the most affordable means of transportation for international import…
With the aim of combating climate change, the EU Commission is revising the EU ETS directive in line with the European Green Deal. Their plans to include international shipping emissions for the first time. About the EU Emissions Trading System ETS operates in all EU countries plus Iceland, Liechtenstein and Norway (EEA-EFTA countries), It limits…
In 2009, we met with the Hazardous Material Regulations. Let’s take a look at the management of dangerous goods in ships; details, sanctions and the situation about it. What is Inventory Hazardous Material(IHM)? The Inventory Hazardous Material Regulations, Maritime_Transportation_of_Hazmat is a document that indicates the location, type and amount of all hazardous substances. (asbestos, PCB,…
Despite the negative impacts of the pandemic on the shipping industry, the dry bulk market enjoyed a promising start to 2021. However, the expected quietening down in February might last longer than desired. The dry bulk market enjoyed an unseasonably robust start to 2021. According to Bimco’s chief analyst Peter Sand, the main reason for…
Even though the number of pirate attacks against ships worldwide seems to have been decreasing for the last decade, maritime piracy is still a very serious problem. Let’s take a look at the roots of the issue and the possible sustainable solutions. Piracy is an act of robbery or criminal violence by ship or boat-borne…