The recent rise in reefer shipping rates is expected to prove short lived, as the trade adjusts to the rerouting of vessels and excess containership capacity is deployed to support longer transit times. While the subsequent re-routing of cargoes contin…
Reefer shipping rates rise to be temporary as excess capacity plugs gaps Read More »
The crude tanker market has been reshaped as a result of India’s emergence as a major destination for Russian crude. In its latest weekly report, shipbroker Banchero Costa said that “2023 has been another positive period for crude oil trade, despite th…
Tankers Market: India a Major Player for Seaborne Crude Oil Tanker Trade Read More »
High freight rates and robust global demand for oil and its derivatives are putting tanker owners in a great mood and consequently, after a notable uptick in 2023, the surge in tanker newbuild activity shows no signs of abating in 2024. A confluence of…
Urgent need for newbuild tanker orders Read More »
Recent attacks on commercial vessels in the Red Sea have severely affected shipping through the Suez Canal, adding to existing geopolitical and climate-related challenges facing global trade and supply chains, UNCTAD says in a new report released on 22…
Unprecedented shipping disruptions raise risk to global trade, UNCTAD warns Read More »
With Capesizes leading the way, prices for second-hand bulkers have been rising steadily over the past few months. In its latest weekly report, shipbroker Xclusiv said that “since early October 2023, dry bulk second hand prices have gained momentum. Th…
Bulkers’ Second Hand Vessel Prices on the Rise Read More »