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Xeneta Shipping Index (XSI®) October 2023: Upturn in the long-term ocean freight shipping market proves to be a false dawn

Any hopes of a revival in long-term ocean freight shipping rates were short-lived after the latest data from Oslo’s Xeneta indicated the market is once again in decline. In September, the Xeneta Shipping Index (XSI®), which tracks real-time rates devel…

Xeneta Shipping Index (XSI®) October 2023: Upturn in the long-term ocean freight shipping market proves to be a false dawn Read More »

Tankers: Remarkable rise of rates and tonne days growth with the onset of Middle East geopolitical crisis

The crude freight market gained momentum in early November due to the ongoing crisis in the Middle East. The VLCC segment has seen significant activity, but the Suezmax and Aframax segments have experienced even more growth compared to their levels at …

Tankers: Remarkable rise of rates and tonne days growth with the onset of Middle East geopolitical crisis Read More »