The rise in crude oil prices that followed the Russian invasion of Ukraine is clearly seen in bunker fuel surcharges. Across all trade lanes, the average fuel surcharges have risen close to 50%, reaching almost USD 600 per FEU. Xeneta’s fuel surc…
The newbuilding market remained rather underwhelming during the past week. In its latest weekly report, shipbroker Allied Shipbroking said that “activity in the Newbuilding market continues to move at a slow pace, while the prime sectors moving things …
Newbuilding Market Still Underwhelming Read More »
For ship owners and operators, the decision over when and where to bunker in the Middle East can have a very significant impact on their business. Getting it wrong could lead to highly inflated costs, making it vital for shipping companies to scrutinis…
How ship operators can better manage their total of cost of bunkering? Read More »
Petroleum tanker rates for routes originating in Europe rose to record highs in April 2022 because of geopolitical instability related to Russia’s full-scale invasion of Ukraine and rising marine fuel prices, also known as bunker fuel. Dirty tanker rat…
The ship recycling market is barely moving over the past couple of weeks, with activity being rather sluggish. In its weekly report, shipbroker Clarkson Platou Hellas said that “like many global markets this week across the commodity, currency and stoc…
Ship Recycling Market Has Hit a Roadblock Read More »