COP27 failed to deliver much in the way of progress but for shipping the next steps in the IMO is where we will determine the trajectory of what happens next. Fail to agree the detail and a complex, costly future awaits. There are positive signs that shipping is at least now having the right conversations, but is this too little too late? This week’s edition of the Lloyd’s List Podcast explores the impact of climate talks on shipping and what happens next.

Carrier has paid down its debt and invested in sectors adjacent to its shipping concerns. Warns that inflationary environment is clouding outlook for economic growth

Half of all tanker sales so far this year are estimated to have been purchased for the trading of Iranian, Russian or Venezuelan cargoes 

Installation vessel will be leased to Summer Bihai

Softening freight demand driven by weakening macroeconomics have driven values of 10-year-old bulk carriers down by an average of 5% in the past month

Vessel purchased from tonnage provider Ocean Yield for 55% of its market value

Container lines swooped on newbuildings and secondhand tonnage during the boom. But now the market is turning, non-operating owners have fewer reasons to go to the yards

The fund intends to invest in promising SMEs, with a focus on Singapore and Vietnam, and will also co-invest alongside other Heliconia funds 

US-listed tanker own posts best third-quarter results since 2007

Another expensive year is on the cards for shipowners following modal average price jumps of 7.5% in 2020, 5% in 2021 and 12.5% this year

Priced out of buying tonnage during the boom of 2021 and 2022, smaller owners of containerships are returning to the secondhand market as ship values have fallen

This support channel will broaden the engagement efforts of the PIER71 maritime innovation initiative by connecting start-ups with industry partners that have not participated in its programmes before