The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, rallied to its highest in more than 11 years on Friday, fuelled by strong demand across vessel segments.The overall index, which factors in rates …
Baltic Dry Index Rises Above 11-year Peak Read More »
The tanker market remained in subpar level during the month of July. According to the latest monthly report from OPEC, events in July provided little momentum to the languishing tanker market, with dirty freight rates remaining at subdued levels. As so…
Tanker Market Subdued During July Read More »
3D printing – also known as additive manufacturing – has been held up for many years as an evolving threat to global trade. If printing of parts can be done locally, there will be no need for ships to transport those consumables from producer to …
Debunking 3D printing fears Read More »
The pandemic has undoubtedly stressed global supply chains and logistics. From mass spikes in consumer demand, to congested ports, and increased shipping disruptions and delays, many diverse events have culminated in an unprecedented logistical maze le…
Global Logistics Chaos Isn’t Going Anywhere Anytime Soon. Here’s Why Read More »
Supply of HSFO380 is tight in Singapore, Fujairah, Zhoushan and parts of the Mediterranean, while VLSFO and LSMGO grades are ample across most global bunkering hubs. HSFO380 has been particularly tight in Fujairah after a supplier exited the market las…
ENGINE: Global Bunker Fuel Availability Outlook Read More »