Tag: Momentum
IMO progress and GHG levy momentum increases the imminence of the endgame for shipping’s use of fossil fuels
The MEPC 81 meeting concluded on 22nd March 2024, further clarifying the risk and opportunity both for the international shipping value chain’s commercial decision making, and for this sector’s contribution to minimise the risks of dangerous climate change. The meeting itself was not a point of adoption for measures, but it was a chance to…
Dry Bulk Market: Panamaxes Show Strong Growth Momentum
Capesize The week in the Cape market has shown a mix of activity in both the Pacific and Atlantic regions. In the Pacific, the week began positively with two major players active in the market, contributing to a slight uptick in rates. Increased coal enquiries provided overall market support. However, as the week progressed, conditions…