Jovo Energy markets Medmax LNG carrier newbuilding resale
Sales sector for LNG ships continues to bubble but bulk of secondhand vessels on the market remain steam-turbined
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July 2023
Private Scorpio bets on product market rally through Ardmore, Hafnia
President Robert Bugbee talks about reasons behind taking stakes in Irish, Danish peers
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Tankers: Crude Flows Constantly Shifting
Seaborne crude oil flows keep on changing, with China having recently emerged as major buyer of US crude oil. In its latest weekly report, shipbroker Intermodal said that “the recent commitment from Russia and Saudi Arabia to production cuts, coupled w…
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Carrier reliance on leased container fleet to support higher per diems and cash returns
Drewry expects the global pool of container equipment to contract by 2% in 2023 as trade growth remains weak and owners dispose of more equipment. In 2023, Drewry anticipates global container handling activity to increase by just 1% to 870.7 mteu. Whil…
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Long-term ocean freight rates hit two-year low just as record new levels of ships enter the market and overcapacity adds further pressure
Global long-term shipping rates sank to a two-year low in July, with the latest data from Xeneta’s Shipping Index (XSI®) showing a fall of 9.5% since June, adding to a deep collapse that started last year. Long-term valid contract rates have now lost 5…