The LNG and LPG markets, especially the VLGC one, is expected to trend higher over the coming weeks and months, as ton-mile demand will increase significantly. In its latest weekly report, shipbroker Xclusiv said that “the El Niño, a natural climate ph…
LNG and LPG Rates Expected to Move Higher Read More »
In the second week of November, freight rates for crude oil tankers remained firm with slight signs of a downward correction. The upward momentum of early November in the second half of November remains uncertain as there are signs of an increase in th…
Cyber security is the key ingredient that allows the container shipping industry to safely take advantage of the many opportunities of digitalization, from improved operating efficiency, environmental compliance and remote monitoring and maintenance to…
Tanker market rates have erupted, as a result of the increase in geopolitical tensions in the Mediterranean region. In a recent weekly report, shipbroker Intermodal said that “in a week characterized by a 1.8% drop in Brent crude prices and a slight 0….
Tanker Rates Erupt in Tandem With Geopolitical Tensions Read More »
“The global fleet of cargo carrying ships consists of around 61,000 ships with a deadweight capacity of about 2,200 million tonnes. The ships owned by Greek and Chinese shipping companies contribute 34% of the total fleet’s deadweight tonne capacity,” …
Greek and Chinese companies own 34% of the global fleet’s cargo capacity Read More »