The U.S. flag barge American Trader in Port-Au-Prince, Haiti, south pier, back loading empty 545 TEUS on Feb. 3, 2010. (Photo courtesy America Cargo Transport Corp.)
A revolutionary new option to scrapping for younger panamax containerships deemed too small for a tradelane involves widening the vessel rather than adding length.
Monthly demolition rates in the dry bulk shipping sector averaged 3.3 million DWT for 1H15, according to new figures from BIMCO, compared to 1.3 million DWT last year.
A series of interesting and extreme price spikes is going on in the shipping market today, says Clarksons, provider of global shipping and offshore market intelligence.