Pent-up demand combined with attractive markets in many sectors has increased owners’ appetite for tonnage
Newbuilding and secondhand spending tops $147bn in 2021, Clarksons says Read More »
The tanker market seems to finally be heading out of the storm, but still 2021 proved to be a rather challenging year. In its latest weekly report, shipbroker Gibson said that “although freight levels in some shipping sectors reached breath-taking high…
2021: A Year to Forget for the Tanker Market Read More »
We thought it might take 6 months for crude to fall $10, but it only took a few days! Things tend happen a lot faster in the market than we typically expect, and the past month has definitely been one of those periods. In mid-November we wrote about pr…
Not all price falls are equal, and certainly not in bunkers Read More »
Capesize The Capesize market moved sharply lower this week with both the overall index and the average of the five timecharter routes declining over 2100 points and $17,422, compared with last Friday, closing the week at 2727 and $22,613 respectively. …
Dry Bulk Market: Capesize Market Has Worst Week in Years Read More »
Key stakeholders behind the efforts to launch innovative container-on-vessel (COV) service to the Midwest on Firday announced that Hawtex Development Corporation is signing on as the lead developer for a new COV port facility in Jefferson County, Mo.
St. Louis Container on Barge Project Moves Forward Read More »