Aframax spot rates rebound to two-month high as US Gulf Coast strength draws tankers
North Sea activity quiets down and Mediterranean holds steady
Aframax spot rates rebound to two-month high as US Gulf Coast strength draws tankers Read More »
October 2023
Dry Bulk Market Still the Main Shipowners’ Focus of Newbuildings, Despite Major Deals in Container and LNGs
The newbuilding market is in full swing it seems, as more and more contracting is being reported. In its latest weekly reports, shipbroker Allied said that “apart from the confirmation of CMA CGM’s order for 8 methanol-DF vessels (reported week 25) and…
Dry Bulk Grain flows from the U.S & Brazil: Brazilian grain exports broke records this year, outpacing weak US exports
As we enter the fourth quarter of this year, the market is showing a strong resurgence with rates increasing year-over-year. Notably, Capesize Brazil to North China rates have exceeded $20 per tonne. This significant upswing in the freight market’…
Relocate, relocate, relocate
The splintering of the world political order is changing who buys what from whom. More diversity in trading partners offers hope to improve woeful container imbalances. The following is an extract from Drewry’s latest Container Forecaster report, just …
Relocate, relocate, relocate Read More »
Cost of moving Suez Rajan and cargo to US ‘satisfies’ Empire Navigation fine
Greek company spent more than its criminal penalty in moving tanker to US
Cost of moving Suez Rajan and cargo to US ‘satisfies’ Empire Navigation fine Read More »