With discussions regarding the IMO’s (International Maritime Organization) Carbon Intensity Indicator (CII) due to recommence at their Marine Environment Protection Committee (MEPC) 82 meeting in September, INTERCARGO, the association of dry bulk shipp…
This week’s data underscores a noticeable decline in the growth of tonne days across both the dirty and clean tanker segments. Particularly noteworthy is the VLCC tonne days’ growth rate for July, which is currently maintaining a weaker wee…
Dirty & Clean Tonne Days Read More »
The second hand S&P market has kept its bullish momentum for yet another week. In its latest weekly report, shipbroker Banchero Costa said that it was “a busy week in the second hand market: in the dry segment, activity was reported for every size….
Second Hand Market Still Very Busy Read More »
This week’s chart illustrates the increase in the monthly volume of Brazilian iron ore during the second quarter of this year (left chart), alongside the growth in Capesize tonne days from Brazil to China since the end of May. While this growth i…
Iron Ore Flows & Capesize Tonne Days Read More »
Global demand for ocean freight container shipping hit an all-time record in May amid soaring spot rates and severe port congestion. The 15.94m TEU (20-foot equivalent container) transported by ocean in May beats the previous record of 15.72 TEU set in…
Record-breaking demand for ocean container shipping adds to perfect storm in market Read More »