Illegal vessel boardings off Singapore spike in November
Phillip Channel continues to be an area of concern, with incident levels reaching new high for 2022
Illegal vessel boardings off Singapore spike in November Read More »
December 2022
Product Tankers Set to Benefit the Most from a Ton-Mile Increase From Latest Round of Sanctions on Russian Oil
The latest round of sanctions on Russian oil is bound to offer yet more support to the product tanker market. So far, Russia’s major clients, like the EU, have reduced their imports of crude oil considerably, but this hasn’t happened to the clean marke…
Dry Bulk Market: Positive Signs Are Starting to Emerge
Capesize The Capesize market was in a ‘one step forward, two steps back’ mode this week. The average of the 5 time charter routes eventually settled at $12,598, a decline of $775 week-on-week. Despite tightness in both basins, especially for December c…
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Containers: A return to normal and prospect for laid-up ships
Highlights The Shanghai and China Containerized Freight Indices (SCFI and CCFI) have fallen by 49% and 40% respectively during the two and a half months since our last report. The SCFI is fast approaching average 2019 levels but for now remains 61% hig…
Containers: A return to normal and prospect for laid-up ships Read More »
Freeport Pushes Texas LNG Export Plant Restart to Year End
Freeport LNG on Friday again delayed the restart of the second-biggest U.S. liquefied natural gas (LNG) export facility, pushing start-up plans for its Texas plant to the end of the year, pending regulatory approval.In November, the company…
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