As China grapples with the zero COVID policy and resulting lockdowns, the demand for containers declines amidst the busiest peak season shipping. The interesting trend from the month of August has been the 36% increase in the average container prices a…
South-east Asian ports record more action ahead of peak season Read More »
The tanker market could be headed for additional support down the line. In its latest weekly report, shipbroker Intermodal said that “while the energy markets are historically stretched, Russian flows of crude oil are closely monitored as the oil trade…
Tankers: Further Support Could Be Found Down the Line Read More »
Highlights – The Baltic Exchange Dry Index (BDI) peaked in late May and has since fallen sharply as lower Chinese demand and adverse global economic developments have impacted expectations. – The IMF has lowered its global economic growth forecast to 3…
Dry Bulk Market: EU’s ban on Russian coal lifts demand despite economic headwinds Read More »
Following a contraction in output of newbuild 20ft shipping containers in 2021, ordering has recovered strongly this year, and contrary to popular opinion Drewry expects its share of the global container equipment fleet to remain above 25% for the fore…
Talk of phasing out the humble 20ft shipping container is misplaced Read More »
The global iron ore seaborne trade has trended lower so far this year, mainly as a result of China’s diminishing iron ore imports. In its latest weekly report, shipbroker Banchero Costa said that “global iron ore loadings in the full 12 months of 2021 …
Iron Ore Seaborne Is Down This Year and Canada is no Exception Read More »