Bright prospects in the container and dry bulk segments have been feeding the global orderbook with fresh orders. In its latest weekly report, shipbroker Allied Shipbroking said that “it was another interesting week for the newbuilding market, given th…
Newbuilding Orders Picking Up Read More »
Xeneta’s Long-Term XSI® Public Indices today revealed yet another monthly hike in long-term ocean freight rates, with global container prices climbing by 3.2%. The development follows a 2.2% increase in August and an unprecedented 28.1% jump in July, l…
Xeneta Container Rates Alert: Long-Term Ocean Freight Rates Now Up Over 90% Year-On-Year Read More »
Recent interviews conducted by Drewry of global shippers and leading carriers within its global customer base expose concern and real commercial harm to most shippers and identifies practical but limited measures within the control of ocean carriers an…
Bad weather has delayed stems in GOLA and Zona Comun, and US Gulf Coast refineries have ramped up fuel oil production after Hurricane Ida struck. Strong winds and choppy seas halted bunkering at anchorage in Zona Comun on Tuesday, delaying deliveries b…
ENGINE: Americas Bunker Fuel Availability Outlook Read More »
Saildrone Inc. and NOAA have released the first video footage gathered by an uncrewed surface vehicle (USV) from inside a major hurricane barreling across the Atlantic Ocean.The Saildrone Explorer SD 1045 was directed into the midst of Hurricane Sam, a…
World First: Saildrone Captures Video from inside a Cat 4 Hurricane Read More »