A combination of strong demand and carefully managed capacity is boosting spot rates on the Transpacific container trades, just in time for contract season. The Drewry World Container Index – a benchmark of spot rates on eight East-West container trade…
Transpacific: A carrier success story Read More »
After years of minimal ordering, tanker newbuilding contracting seems to be back on the agenda for many ship owners. At least this has been the case over the course of the past few months. In its latest weekly report, shipbroker Allied Shipbroking said…
Tanker Newbuilding Orders Keep Rising Read More »
In the third week of February, Capesize Brazil to North China rates experienced an upturn, surpassing the $20 per ton mark. However, with the Chinese Lunar New Year already celebrated, the sentiment regarding freight rates remains uncertain, leaving ob…
The global shipping industry experienced a significant surge in rates over the past couple of months, as an aftermath of the Red Sea crisis. Three months into this crisis, container leasing rates on the China-US trade route have surged dramatically, ri…
The ship recycling market is still lacking in activity, despite the fact that demand for ships is there. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships, said that “the current position of the ship recycling …
Demand for Ship Scrapping Increases, But Supply is Lacking Read More »