“The seasonal factors of poor weather, ice, fog and the resulting delays come together to cause havoc to vessels’ itineraries and hence restrict the volume of vessels available for trade, ultimately pushing up rates,” the London-based shipbroker said in an e-mailed report today. “If the winter is as bad as the weather fraternity predict we could see earnings skyrocket.”
Join the gCaptain Club for curated content, insider opinions, and vibrant community discussions.
Join the 109,795 members that receive our newsletter.
Have a news tip? Let us know.
Denmark has rejected a Japanese request to extradite anti-whaling activist Paul Watson over criminal charges dating back more than a decade, a Danish lawyer representing Watson said on Tuesday.
A 37-year-old crew member was saved after spending three harrowing days adrift at sea following alleged abuse aboard a fishing vessel. Afif Efendy, a crew member of the fishing vessel...
British oil and gas major Shell on Tuesday settled a London lawsuit it brought against environmental group Greenpeace after activists boarded a Shell oil production vessel last year.
Maritime and offshore news trusted by our 109,795 members delivered daily straight to your inbox.
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up
Join The Club
