Global demand for ocean freight container shipping hit an all-time record in May amid soaring spot rates and severe port congestion.The 15.94m TEU transported by ocean in May beats the previous record of 15.72m TEU set in May 2021, according…
Xeneta: Perfect Storm for Container Shipping Read More »
Freight rates to ship Russian oil have fallen this month towards parity with those for other global exporters for the first time since 2022 as more tankers were available despite Western sanctions and exports fell, three sources said on Wednesday.Freig…
Russian Oil Freight Rates Fall to Lowest Since 2022 Read More »
Ineffective bridge resource management contributed to the grounding of a bulk carrier in the Port of Bunbury, Western Australia, an ATSB investigation has found.The grounding occurred on April 22, 2023, as the 229-meter long, Isle of Man-registered…
Ineffective Bridge Resource Management Contributed to Grounding Read More »
The second hand S&P market has kept its bullish momentum for yet another week. In its latest weekly report, shipbroker Banchero Costa said that it was “a busy week in the second hand market: in the dry segment, activity was reported for every size….
Second Hand Market Still Very Busy Read More »
This week’s chart illustrates the increase in the monthly volume of Brazilian iron ore during the second quarter of this year (left chart), alongside the growth in Capesize tonne days from Brazil to China since the end of May. While this growth i…
Iron Ore Flows & Capesize Tonne Days Read More »