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Panamax rates start to regain stability

PANAMAX rates have begun to fight back this week after a fairly lengthy, if graceful, downward slide, writes Nigel Lowry in Athens.

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IMO needs to resolve its trust issues

The geopolitical fault lines are starting to show as the IMO’s climate change debate heads into diplomatic territory that is well outside of shipping’s influence. Division and distrust are hampering progress and the conversations are only going to get more difficult from here on

The Lloyd’s List Podcast: Shipping has an image problem

Shipping’s image problem is not a new issue, but the pandemic has exposed the industry’s invisible status at a political level and the lack of understanding among the general public and mainstream media. That is a problem, but it is one of the industry’s own making having opted to operate in the shadows for years. Joining the podcast this week is Sabrina Chao, the new president of BIMCO, who has pledged that the task of making shipping’s voice better heard by the outside world will be at the top of her agenda over the next two years.

Weekly briefing: Container congestion spreads | Dry bulk attracts attention | Tankers look to the skies in dread

Emotions are running high in the box sector as the crisis pushes spot freight rates to ever higher levels, squeezing shippers’ margins and turning up the volume on frustrated calls for the sector to face tighter regulation (not that this will help). The sizzling dry bulk sector meanwhile has attracted new plays from both box operator Costamare and former tanker tycoon Tor Olav Trøim, proving that bulk is now the place to be. Tankers, sadly, is not the place to be, unless your play is very, very long.

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