Markets

1999-built bulk/oil carrier (OBO) SKS Torrens

More shipowners are electing to sell large vessels for scrap as cash buyers begin offering high prices amid the strong steel market. 


IUMI Ocean Hull Committee chair Mark Edmondson

IUMI Ocean Hull Committee chair has warned that the industry faces the threat of a prolonged soft market.


LNG ship

The demand measured in tonne-miles has increased by 12–13% year on year in the first eight months of 2018 and by 8.2% in the global trade in LNG.


A barrier on a ship

The global insurance industry sees Africa as the next big growth market, but access barriers remain a challenge.


A convoy of cargo-carrying trucks in South Africa

The global insurance industry sees Africa as the next big growth market, but access barriers remain a challenge.


The Turkish lira shed 40% its value versus the US dollar this year

With emerging-market currency casualties scattered across the globe, fears of a contagion and broader economic crisis are escalating. Fairplay examines the implications for shipping.


Soyabeans in a factory

Severe drought has sent Argentina’s soyabean harvest plummeting, and the country’s freshly announced export taxes look set to create more suffering for its farmers.


SM Line logo on the side of a truck

SM Line has joined Vinalines to expand its intra-Asia shipping business.


A sea of cars waiting to be loaded onto a ro-ro

Carriers are grappling with mounting costs and demanding customers, as global capacity becomes an increasing problem.


Hyundai HI CEO Kang Hwan-gu

Hyundai Heavy Industries, the world’s largest shipbuilder defended the decision to slash employee numbers in its offshore division as new orders have dried up.