Near all-time highs are shipbuilding prices for almost all ship categories according to a study by Danish Ship Finance. Continued placement of new orders and limited shipyard availability are pushing newbuild prices ever closer to historic highs, the finance house said, adding that the average newbuild price index has risen by 4% over the past …
Tag: maritime
Six Maritime “lifelines” for Global Trade
They are the busiest sea crossings on the planet. Their role is critical for global maritime trade as they are “lifelines” for the global economy and planet’s well-being. This has been particularly evident in recent years when geopolitical developments in Ukraine and the Red Sea have caused disruptions in global trade, as reflected in shipping …
Suez Canal: World Trade Woes Grow
The accident of the ferocious cargo-ship named “Ever Given in the Suez Canal last week reminded us how crucial the maritime trade corridors and especially those maritime trade corridors that unite Europe and Asia are. The Suez Canal. The timing of the accident is bad since it coincided with the hardships suffered by world trade …
The Nightmare in the Global Fare Market in VLCC ships
Last year (2020) due to the Covid-19 pandemic that swept the world, the VLCC (Very Large Crude Carriers-the longest ship ever built) with a capacity of more than 300000 tons dw offered record profits of $240,000 a day as demand was huge for oil supply and storage due to the low price of oil. VLCC …