Xeneta’s Long-Term XSI® Public Indices today revealed yet another monthly hike in long-term ocean freight rates, with global container prices climbing by 3.2%. The development follows a 2.2% increase in August and an unprecedented 28.1% jump in July, l…
Xeneta Container Rates Alert: Long-Term Ocean Freight Rates Now Up Over 90% Year-On-Year Read More »
Recent interviews conducted by Drewry of global shippers and leading carriers within its global customer base expose concern and real commercial harm to most shippers and identifies practical but limited measures within the control of ocean carriers an…
Bad weather has delayed stems in GOLA and Zona Comun, and US Gulf Coast refineries have ramped up fuel oil production after Hurricane Ida struck. Strong winds and choppy seas halted bunkering at anchorage in Zona Comun on Tuesday, delaying deliveries b…
ENGINE: Americas Bunker Fuel Availability Outlook Read More »
With tonnage supply in the ship recycling market not particularly impressive, shipbroker Clarkson Platou Hellas said that “all the talk this week centred around the reports from China amid the potential collapse of the property empire Evergrande which …
Ship Recycling: “Steady as She Goes” During the Final Quarter of 2021 Read More »
As the average length of the journey increases, partly due to port congestions in China, soaking up capacity and pushing up spot rates, shipowners will likely be enjoying high freight rates until the end of the year. Iron ore spot freight rates from We…
BIMCO: Iron ore spot freight rates spike 163% to lift Capesize earnings Read More »