WHAT IS THE CLYDEBANK DECLARATION? Building on the Zero-Emissions Shipping Mission created in July 2021 by Denmark, Norway, and the US, the initiative is designed to drive forward the decarbonization targets set by the International Maritime Organisation (IMO) in...

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Capesize Overall it was not a very active week, with limited fresh cargo support from either of the basins. The BCI and time charter average started the week at a level close to 1800 points and $15,000 but remained in negative territory until a marginal improvement on...

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The tanker market needs every good news it can get these days and the impending strategic petroleum reserve release seems to be a net positive for it, even if not to the extent required to lift rates in a significant manner. In its latest weekly report, shipbroker...

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