With fleet growth of 3.7%, compared to global container shipping demand growth of only 1%, even blanked sailings have been unable to lift freight rates, says BIMCO.According to the largest international shipping association representing shipowners…
Container Volumes Growth Sluggish Read More »
The ongoing trend of downward pressure on long-term contracted ocean freight rates appears to have been broken, or at least temporarily derailed, with marginal increases seen across the board in November.According to the latest XSI Public Indices repor…
Container Contract Rates Rise in November Read More »
Chinese lessor will charter the pair to MSC-affiliated Conglomerate Maritime for 12 years
Related StoriesShipowners’ Club seeks 5% rate hikeUK maritime sector could benefit from OECD tax reformsMPC Container…
CDB Leasing strikes $269m financing deal for two MSC boxships Read More »
Tanker owners had their moment in 2019, during these crazy few weeks of October, but with the market gradually retreating since, they are quickly returning to the grim reality of the current market fundamentals. In its latest weekly report, shipbroker …
Tanker Market: Mild Optimism Should be the Norm Ahead of 2020 Read More »
Fitch’s Sector Outlook: Negative We maintain a negative sector outlook for global shipping because of the forecast slowdown of global economic growth and a balance of risks skewed to the downside. All shipping segments have been demonstrating more prud…