China’s crude oil imports have doubled from 2011 to 2021 and now account for 20% of global seaborne crude oil volumes. While China’s January to May 2022 seaborne crude oil imports are down 2.2% y/y, a 51.4% m/m boost in imports from Russia has helped l…
China’s seaborne import of Russian crude jumps 51.4% in May Read More »
It’s been another bumper month for long-term contracted ocean freight rates, as the cost of securing container shipments climbed by 10.1% in June. Following on the heels of a record 30.1% hike in May, this now means rates stand 169.8% higher than this …
Xeneta: Long-term shipping rates shrug off uncertainty to rise again Read More »
Ship owners have sped up their newbuilding contracting activity, opting for more modern tonnage. In its latest weekly report, shipbroker Allied Shipbroking said that “the impressive performance of the newbuilding market continued for yet another week. …
Newbuilding Activity Picks Up Pace Read More »
LNG shipping stocks are proving resilient despite uncertainties about growth in global GDP, high inflation and the ongoing geopolitical crisis caused by the Russia-Ukraine conflict. Drewry’s LNG shipping equity index increased by 12.7% YTD as of 28 Jun…
Why are LNG shipping stocks resilient? Read More »
The new IACS Unified Requirements (URs) are based on recognized international standards for the cyber security of industrial automation and control systems, such as IEC 62443. In brief, the new IACS URs cover the following main topics: • Scope of appli…
IACS unified requirements for cyber security mandatory from 1 January 2024 Read More »