Dry Bulk Market: Chinese Holidays Disrupting Freight Rates

Capesize The week was defined by holiday-disrupted liquidity and gradually softening sentiment across both basins. Lunar New Year celebrations in China and across much of Asia curtailed participation early on, limiting activity and constraining momentum. Initial firmness on C5, with a major miner fixing at $9.50, proved short-lived. As the week progressed and Singapore returned, …

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IMO takes a step closer to a standalone legal instrument on biofouling management

At its 13th session, the IMO’s Pollution Prevention and Response Sub-Committee agreed to recommend to the Marine Environment Protection Committee that a standalone instrument on the control and management of ships’ biofouling to minimise the transfer of invasive aquatic species should be developed. At the 13th session of the IMO’s Sub-Committee on Pollution Prevention and …

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