The global iron ore seaborne trade has been on the decline so far this year. In its latest weekly report, shipbroker Banchero Costa said that “so far in 2022, iron ore trade softened again, primarily due to weaker demand from China and supply issues in…
Global Iron Ore Loading Down This Year Read More »
MR values have hit the highest levels since Oct 2008. The current value for a five year old MR is up by c.45% from the start of the year, from USD 30.32 mil to USD 44.01 mil. Sales for this sector have increased by c.15% from last year and so far in 20…
MR values hit 14 year high Read More »
Gloomy prospects with increasing risks’ – a headline in UNCTAD’s latest Review of Maritime Transport (RMT) casts the die on shipping’s sombre outlook. Any recovery in maritime transportation and logistics is now “at risk” from the war in Ukraine, the c…
‘Gloomy prospects’, ‘losing steam’ – UNCTAD summarises shipping’s outlook Read More »
Largest have fallen by more than half from their year-to-date high of nearly $75,400 per day on 21 November
VLCC rates continue cratering as smaller tankers find ‘stability’ Read More »
After leaving ZeroNorth, the industry veteran announces new job at the tanker pool operator
Hansen resurfaces at Maersk Tankers in partnerships role Read More »