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Shipping industry takes new step to protect marine environments

Cleaning a ship’s submerged parts from barnacles and other growths, while the ship is in the water, can transfer invasive species to local marine environments unless it is properly cleaned and the debris is captured. To combat this problem, and to provide clarity and quality assurance to shipowners,... Please follow the link to continue reading.

Supply

The dry bulk fleet is estimated to grow by 2.9% in 2023, 2.4% in 2024 and 2.0% in 2025. For 2023, supply is estimated to grow by 2-3%, affected by lower sailing speeds and lower congestion. In both 2024 and 2025, lower sailing speeds could cause supply to only grow by 1-2%. The order book currentl... Please follow the link to continue reading.