A structural market shift in the tanker market, could lead to long-lasting effects in ton-mile demand, helping freight rates to sustain a higher level. In its latest market outlook, ship owner Teekay Tankers noted that “crude tanker spot rates increase…
Tanker Market Benefits From Ton-Mile Demand Increase Read More »
On July 22, Ukraine and Russia agreed that exports of grain and other agricultural products from selected Ukrainian Black Sea ports could resume after months of Russian blockade. The agreement comes at a time when storage capacity is reaching its limit…
New Grain Corridors from Ukraine and Dry Bulk Flows Read More »
With container spot rates down significantly over the past three months, it’s no wonder that shippers are hastily renegotiating contracts. The cost of moving a 40ft box from China to the US West Coast (FBX01) has dropped 58% from USD 15,817 to USD 6,59…
What’s the best way to handle container rate changes? Read More »
Major sell-off on paper was just one reason why rates have fallen so sharply, Seanergy Maritime Holdings chief executive Stamatis Tsantanis says
Capesize bulkers have ‘forgettable week’ as spot market sentiment weakens Read More »
The 2022 biennial, multi-national Rim of the Pacific’s (RIMPAC) exercise has come to a close.This year’s exercise with the theme of “Capable Adaptive Partners,” featured 26 participating nations and 38 surface ships, three submarines, more than 30 uncr…
RIMPAC Naval Exercise Brings Together ‘Capable Adaptive Partners’ from 28 Nations Read More »