The conclusion of January presents an intriguing perspective on freight rates for LR2 clean product tankers, with recent rate spikes expected to persist into February due to heightened concerns in the Red Sea, influencing cargo deviations. A thorough a…
The United Nations’ trade body has cautioned that the rising assaults on ships in the Red Sea are exacerbating challenges for shipping routes already impacted by conflicts and climate change. The combination of attacks in the Red Sea, geopolitical tens…
Ripple effect of Red Sea attacks Read More »
The tanker market is headed for a strong period ahead, in terms of freight rates. In its latest weekly report, shipbroker Xclusiv said that “2024’s early signs suggest a very promising start for the tanker market, particularly in the product sect…
Tanker Market: Upward Trend Ahead Read More »
In the last week of January, the dry freight market sustained weakness in the Capesize segment, while the number of ballasters in the Southeast (SE) continued to grow amid declining demand. As depicted in the accompanying image, the growth outlook for …
In response to the escalating Red Sea crisis, Container xChange, leading online container logistics platform, has released a comprehensive report detailing the far-reaching effects on container trading and leasing rates worldwide. The report explores t…
Container Rates Surge Amid the Red Sea Crisis Read More »