Times are Bleak for Ship Recyclers
As oil and even the overall Baltic Exchange’s main sea index fell further this week (about 1.6%), the increasing supply in tonnage is regrettably being met by further disappointment as ship recycling prices fell across the board and have remained subdued through the week, reports cash buyer GMS.Any sales that are being concluded are at numbers now dropping towards the mid USD 400s/LDT, with some facing even lower indications due to their poorer overall condition.
Scientists Reconstruct Impact of Seafloor Volcanic Eruption
An international team of scientists is reconstructing the impact of the 2008 Chaitén volcanic eruption on the marine environment following an expedition onboard Schmidt Ocean Institute’s R/V Falkor (too).After 9,000 years of dormancy, the Chaitén Volcano erupted without warning on May 2, 2008. Ash spewed 30 kilometers (18 miles) into the air and blanketed the landscape. Heavy rain in the following…
European Importers Shouldn't be Spooked by Freight Rates
Ocean container carriers are desperately trying to push spot freight rates up in early November to halt the market decline and strengthen their hand during negotiations with European shippers for new long-term contracts.Latest data from Xeneta’s ocean and air freight rate intelligence platform shows average spot rates on the major fronthaul trades from the Far East to North Europe and the Mediterranean…
Israel Can't Hide from Houthi Attacks by Selling Ships
Yemen's Houthis said on Sunday they would maintain their maritime blockade against Israeli vessels in response to "intelligence information" regarding Israeli shipping companies selling their assets to other companies.The Iran-aligned Houthis have said they are intensifying their attacks to support Hamas and Hezbollah in their resistance against Israeli actions in the region."Intelligence information confirms that many companies operating in maritime shipping affiliated to the Israeli enemy are
