Capesize After a slow start due to a UK Bank Holiday, the market quickly regained momentum. The Pacific was notably active, with all three major miners actively fixing throughout the week. Initially rates struggled to gain traction as brokers reported …
Dry Bulk Market: Momentum Returning to the Capesize Sector Read More »
Container shipping rates are on the rise once more. In its latest weekly report, shipbroker Xclusiv said that “container shipping rates are soaring, nearing record highs from the pandemic era as the Baltic FBX index is at USD 3,408 / TEU, closing down …
Container Rates on the Rise Again Read More »
After a period of relative stability spanning five decades, the industry finds itself grappling with a new reality. A maturing Chinese giant, the rise of regional trade blocs, and the growing significance of short-sea shipping are all reshaping the glo…
Shipping’s new reality Read More »
It is common for vessels that trade through the Malaca and Singapore Straits to receive instructions to wait “OPL Singapore” for voyage orders. “OPL” stands for “Outside Port Limits”. However, under the UN Law of the Sea Convention (UNCLOS), Malaysia, …
Double-check where you can anchor – lessons from the AFRA OAK decision Read More »
Tanker ordering activity was the main trend in last week’s newbuilding orders, while bulkers keep dominating the S&P market. In its latest weekly report, shipbroker Banchero Costa commented that “not many orders reported during this week, but tanke…
Newbuilding Orders Slow Down, as S&P Deals Accelerate Read More »