Construction cycle for oil and gas and renewables has room for growth in the next few years given the lack of spending
Sembcorp Marine set to benefit from higher activity in the offshore sector Read More »
Brokers report unusually high number of fixtures from Gulf of Mexico and South America
US refinery crunch: ‘excitement’ stirs VLCC market as ships booked into China Read More »
The euphoria surrounding the prospects of the dry bulk market, amid a shortage of tonnage and longer ton-mile demand, could soon evaporate, amid a worsening global economy environment and higher borrowing rates. In its latest weekly report, shipbroker …
Dry Bulk Market: Bullish Sentiment Prevails, but For How Long? Read More »
In October 2020, the order book for new container ships bottomed out at 8.4% of the combined trading fleet. For ships smaller than 8,000 TEU, the order book bottomed out one month later at 3.7% of the trading fleet, and only accounted for 18.2% of the …
Boost in orders for ships below 8,000 TEU drives order book to 17.3% of fleet Read More »
Cargo owners battered by the spiralling costs of container shipping would do well to look into spot rates on the main China to US trade corridor at present. That’s the message from Oslo-based Xeneta, which crowd sources the very latest ocean and air fr…
Spot rates fall below long-term levels on main China to US West Coast trade Read More »