Delayed shipping capacity more than doubled over the six months to May, nearing the level of the pandemic-induced shipping supply chain stress, according to data from the World Bank. The World Bank’s Global Supply Chain Stress Index, a measure of delay…
Trade charts a bumpy course Read More »
A combination of factors has taken its toll on the tanker freight market over the past few weeks. In its latest weekly report, shipbroker Xclusiv said that “oil prices are trading near a two-month high, at levels not seen since April 2024, as refinerie…
Tanker Market Hit By Lower Oil Supply Read More »
With discussions regarding the IMO’s (International Maritime Organization) Carbon Intensity Indicator (CII) due to recommence at their Marine Environment Protection Committee (MEPC) 82 meeting in September, INTERCARGO, the association of dry bulk shipp…
This week’s data underscores a noticeable decline in the growth of tonne days across both the dirty and clean tanker segments. Particularly noteworthy is the VLCC tonne days’ growth rate for July, which is currently maintaining a weaker wee…
Dirty & Clean Tonne Days Read More »
The second hand S&P market has kept its bullish momentum for yet another week. In its latest weekly report, shipbroker Banchero Costa said that it was “a busy week in the second hand market: in the dry segment, activity was reported for every size….
Second Hand Market Still Very Busy Read More »