The tanker market rose during the first month of 2024, as a result of disruptions in trade flows, OPEC said in its latest monthly report. Dirty freight rates rose in January amid trade flow disruptions that further increased tonnage mile demand. VLCC s…
Tanker Market Rose in January Read More »
The Red Sea crisis sent ocean freight rates from the Far East to US spiralling by more than 150%, but there appears to be some relief on the horizon for shippers. The latest data released by Xeneta indicates a peak may have been reached after spot rate…
Spiralling ocean freight rates from the Far East to US may have peaked Read More »
The Red Sea, a vital artery for global trade, has long been fraught with dangers that pose significant risks to ships moving through its waters. Recent legal discussions surrounding incidents such as the attack on the Marlin Luanda and the UK Supreme C…
Past and present parallels to Red Sea risks Read More »
There are a lot of questions currently surrounding the potential growth of the Chinese economy and what a slowdown would mean for the dry bulk industry. In its latest weekly report, shipbroker Xclusiv Shipbrokers said that “China’s recent robust …
Dry Bulk Market: Are China’s Commodities Imports Sustainable? Read More »
In the third week of February, the VLCC MEG-China route garnered market interest, spurred by a recent upturn that reached highs not seen since the beginning of January. Conversely, the Suezmax Wafr to Continent route experienced a steady downward corre…