Sentiment in the tanker sector remains very bullish, as the increase in ton-mile demand is expected to keep pushing the market to higher levels. In its latest weekly report, shipbroker Intermodal said that “this week, focus turns to the 38th APPEC Conf…
Tankers Riding the “Wave” of Ton-Mile Demand Hikes Read More »
On 26 September, soymeal prices in China surged 8% to CNY 5,500 (USD 739) per tonne compared to Monday last week. Following a jump in demand ahead of China’s national day on 1 October some crushers have had to stop production due to a shortage of soybe…
China soybean imports drop 6.2% y/d, potential short-term recovery ahead Read More »
The latest data from the Xeneta Shipping Index (XSI®) reveals long-term contracted rates fell by 1.1% in September. This is the first drop since January and one of only three declines in the past 21 months. However, analysts at Oslo-based Xeneta, which…
Xeneta: The Slide Begins, As Long-Term Shipping Rates Fall For First Time Since January Read More »
China’s refiners are optimistic about the likelihood of economic recovery in Asia’s top consuming country in the fourth quarter and into 2023 as pandemic control measures ease, helping to boost domestic oil product demand, according to the …
Refiners optimistic on China’s economy, demand recovery Read More »
Chinese and Emirati managers and a Panama-flagged LPG carrier land on the US blacklist
Shipping caught up again as US continues Iran crackdown Read More »