The crude tanker trade out of the US Gulf benefitted significantly from the rise in US crude oil production, beyond any expectation during 2023. However, 2024 could be more challenging, limiting the market’s performance. In its latest weekly report, sh…
Tankers: The US Gulf Market Could Not Repeat 2023’s Performance Read More »
Capesize The capesize market experienced a varied week with distinct developments in both the Pacific and Atlantic regions. At the start of the week, a lacklustre trend prevailed as the Pacific faced downward pressure, resulting in a 20-cent decline on…
Dry Bulk Market Manages to Halt Losing Streak Read More »
In recent days, discussions have intensified about the potential impact on the seaborne trade and ton-miles due to the evolving dynamics of market spot rates in various shipping segments. The recent attacks by the Houthi rebels in the Red Sea have alre…
The Red Sea Escalation Implications on Global Seaborne Trade Read More »
The tanker market has witnessed a seasonal dip during the month of December, OPEC said in its latest monthly report. Dirty spot freight rates experienced a seasonal dip in December despite increased uncertainties along key routes that added upward pres…
Tanker Market: Seasonal Dip Experienced in December Read More »
Suez Canal diversions will inflate container shipping costs for as long as the situation lasts, but trade always finds a way, even if it takes a bit longer than usual. Inevitably, public interest in the global supply chain increases whenever there is a…
Red Sea crisis diverts attention back to shipping Read More »