The turmoil in the global tanker and energy markets from the current crisis in the Middle East could soon lead to a global issue, with 40% of total seaborne crude oil exports affected. In its latest weekly report, shipbroker Banchero Costa said that “i…
Surging bunker prices are reshaping freight dynamics, with fuel costs now accounting for a significantly larger share of freight than usual. While all vessels are exposed to high prices, scrubber-fitted ships remain relatively better positioned. This c…
Rising costs: The surge in bunker prices is reshaping dry bulk freight dynamics Read More »
Email is still the spine of maritime operations. Chartering instructions, spares orders, crew changes, port documentation, vendor payments to name a few. Most of it moves through inboxes, even as ships add new digital tools. But the way shipping market…
Despite the latest market disruptions due to the war in the Middle East, newbuilding ordering activity has been moving forward. In its latest weekly report, shipbroker Intermodal said that “newbuilding activity progressed on a healthy pace last week, w…
Newbuilding Orders Progressing at a Healthy Pace Read More »
Describing the situation in the Strait of Hormuz as an “incredibly dynamic environment”, Jos Standerwick, head of membership at the Baltic Exchange, yesterday sought to clarify a landscape that has “trapped 1,000+ vessels” and threatens the safet…
Complexity of Hormuz constriction Read More »