Immediately following Russia’s invasion of Ukraine on 24 February 2022, crude oil prices increased on fears of supply disruption. In less than two weeks, Brent prices rose from USD 97/barrel to USD 128/barrel. Since then, Brent prices have consistently…
Crude oil at lowest since April; Brent at USD 103 and WTI dips below USD 100 Read More »
Industry partners could still do more to ensure the safety of crews, says INTERCARGO, as it has submitted its latest Bulk Carrier Casualty Report to the Sub-Committee on IMO Instruments (III 8), convening at the end of the month. Despite high levels of…
Industry Partners Must Play a Greater Role in Safety, says INTERCARGO Read More »
Newbuilding orders have continued to move higher, with more and more owners looking to add modern and more efficient tonnage to their fleet. In its latest weekly report, shipbroker Allied Shipbroking said that “newbuilding market activity was kept at f…
Clarksons Research have released their half year statistics on to Shipping Intelligence Network. Reviewing the data points (see below and click here ) Steve Gordon, Managing Director of Clarksons research, commented: Overall Index close to Record High …
Shipping’s Half Year Report: Overall Shipping Transportation Index Close To Record High Read More »
As of writing (30 May 2022), Capesize rates dropped significantly and negatively impacted sentiments of smaller vessels. With an unexpected drop in freight rates, many long-position players either in FFA or physical have no options but to cover their p…
Shipping market outlook – Container vs Dry bulk: Q2 2022 update Read More »