The product tanker market has been on the rise lately, as trade conditions are favoring ship rates. In a recent weekly report, shipbroker Intermodal said that “in Europe, refiners have faced challenges accumulating diesel inventories following the ban …
Product Tankers on the Rise Read More »
In the first week of December, both the Capesize and Panamax freight markets experienced a remarkable upswing, reaching their highest levels of the past year. The larger vessel categories experienced an unexpected turnaround in sentiment and recorded a…
So far this year, container volumes have fallen nearly 2% year-on-year while average freight rates have declined, reaching 2019 levels in September. Since then, they have continued to fall. However, the cost to charter a ship remains 25% higher than in…
Container freight rates fall to 2019 levels while costs remain high Read More »
More dry bulk carriers have been on the shipowners’ radar over the past week. In its latest weekly report, shipbroker Allied said that “on the dry side, we can report an order from Akmar for an Ultramax vessel with DACKS, bringing its total at the yard…
Newbuildings: More Orders for Dry Bulk Carriers Read More »
Backhaul trades can prove problematic for carriers attempting to balance carbon emissions requirements with the need to protect profitability on the fronthaul. If it comes to a straight choice between carbon reduction and managing profitability at a gl…
Q3’23 Carbon emission carrier ranking | North Europe to Far East Read More »