![]() ![]() You tube freefall full#You can see the full tracklist for ‘Fossora’ beneath. In October 2021, Björk said that the LP had been created “for people who are making clubs at home in their living room” during the COVID-enforced lockdowns. This time around 7 billion of us did it together nesting in our homes quarantining being long enough in one place that we shot down roots.” ![]() “It was also woven into how I experienced the ‘now’. This time around the feeling was landing on the earth and digging my feet into the ground. She said: “Each album always starts with a feeling that I try to shape into sound. It is the feminine of fossore (digger, delver, ditcher), so in short it means ‘she who digs’ ( into the ground ).” “The good news about the boom is we now have a very strong balance sheet across the industry,” said Axel Siepmann, director of Braemar Corporate Finance.Speaking previously about the forthcoming ‘Fossora’, Björk explained that the record is about “a word i made up. Liner operators were likely to lead the innovation and had built up the financial resources, said financial experts. The impact of decarbonisation measures would be felt most on the intra-regional trades, such as in the Americas where vessels have a high-reefer capacity and operate at high speed, he said. “What we have seen so far is when the economic incentive is higher than the ecological incentive, then C0 2/climate change will be secondary,” he said.īaack argued that the pending carbon legislation was expected to result in slower speed for smaller ships. Significant improvement in performance would not arise if the economic and ecological interests of shipowners were not “aligned”, he added. Some suggest the impact will be greater once the Carbon Intensity Indicator (CII) kicks in and older ships have to exit the market.īut studies by German tonnage provider Atlantic Lloyd had suggested that engine power limitations would not make much difference to how vessels already perform, said managing director Ulrich Paulsdorff.Ĭlemens Toepfer (left) of Toepfer Transport and Katerina Bodouroglou of Stem Shipping at the TradeWinds Shipowners Forum at SMM in Hamburg. Panellists differed on the impact of pending legislation such as the Energy Efficiency Existing Ship Index (EEXI) regulation, which is set to be introduced on 1 January 2023. “Thereafter, new decarbonisation regulation kicks in.” Decarbonisation ![]() “Congestion will resolve over time, but we’re not there yet,” said Baack. Port congestion is likely to remain an issue for a few more months, as the problem has shifted from the US west coast to ports in northern Europe. Some pillars of the container shipping market that have restricted supply remain in place. That was a “logical” response to geopolitical and economic uncertainty, he added. “The charterers have adopted a ‘wait-and-see’ strategy,” he said. “We are no longer seeing the party that we are used to,” Alexandros Karydis, director of chartering at Hanse Bereederung told the TradeWinds forum. ![]() Tonnage providers that used to let business come to them are today chasing enquiries, said brokers. That is the first time that all sizes of container ships have registered a continuous negative trend over the year, German shipbrokers’ association VHBS reports. The index plunged to 2,733 for the week ending on 9 September. The New ConTex, which tracks rates for 1,100-teu through to 6,500-teu ships, is 11.6% down year on year. Sinking feelingĬontainer ship charter rates continue to sink across the board. “Next year there are maybe 400 to 450, so there will be way few vessels available.”īaack acknowledged that the subletting of ships may increase the supply of container ships.īut subletting remains more difficult in container shipping than in other sectors of the industry, he added. “Usually there are 1,500 vessels available to the charter market.” “Overall, we’re still in a very robust market environment,” said Baack. That reflected the lack of available tonnage in some sectors that could provide stability in the charter market. ![]()
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