Spot rates for larger bulkers slide as tonnage remains plentiful
Smaller bulkers receive higher spot rates as week progresses, thanks to healthy demand
Spot rates for larger bulkers slide as tonnage remains plentiful Read More »
August 2023
EU is Now the Largest Seaborne Importer of Crude Oil
The tanker market has benefited from the fact that the EU is now established as the single largest importer of crude oil by sea. In its latest weekly report, shipbroker Banchero Costa said that “2023 so far has been another positive period for crude oi…
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Hidden challenge for bulk carriers
The Swedish Club highlights an often-overlooked challenge faced by shipowners when it comes to cargo damage – shortage claims. The Club’s new publication, Bulker Focus: Carriage of Grains and Soya Beans, examines the complexities of transporting …
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Hot spots for accidents – the risks and locations to be aware of
Navigating a ship has always involved risks, but it is near the shore and in ports where the danger is greatest. A new analysis based on Gard claims data reveals where vessels are most likely to be involved in groundings or collisions. Human error is u…
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Grindrod improves half-year profit as cargo volumes grow
Ports and terminals segment posted ZAR 247m in half-year profit, down 19.4% compared to a year earlier
Grindrod improves half-year profit as cargo volumes grow Read More »