The tanker market is expected to benefit from improving global economy conditions and increased Asian oil demand growth as we head into 2024. In its latest weekly report, shipbroker Xclusiv said that “despite the negative outlook for economic growth se…
Tankers: 2024 Shaping to Be A Solid Year for Growth Read More »
In the fourth quarter, the Israel-Hamas conflict led to increased geopolitical tensions, especially within the oil sector, reshaping dynamics within the industry. After the end of September, freight rates firmed in October, influenced notably by Russia…
Geopolitics and Crude Freight Market Read More »
The crisis in the Red Sea region has sent the cost of ocean freight shipping spiralling as the market continues to react to vessels being forced to avoid the Suez Canal. Analysts at Xeneta, the leading ocean and air freight rate benchmarking and intell…
The newbuilding market has been led by orders for larger ships. In its latest weekly report, shipbroker Allied said that “reports of TMS contracting across the tanker and bulker sectors lead the news this week. As has been widely reported, two Suezmaxe…
Newbuilding Activity Focused Around Larger Ships Read More »
In the third week of December, sentiment in the freight market for large vessel sizes has shown signs of weakening. However, optimism grows for a robust month-end, given the declining number of ballasters in the Panamax Continent Far East. Within the C…