Dirty freight rates showed mixed movement in September, OPEC said in its latest monthly report. Despite some strength seen in the second half of the month, VLCCs spot freight rates continued the decline from the peak seen in June. Rates on the Middle E…
Tanker Market Showed Mixed Movement Last Month Read More »
Overview The shipping industry is facing an increase in new regulations from the International Maritime Organization (IMO) and the European Union (EU) and an increase in the urgency to decarbonise. To support the industry, BIMCO has developed a new CII…
BIMCO adopts new CII clause for Voyage Charter Parties Read More »
After the surge in output of 2021, the past 18 months have proved particularly challenging for Chinese box builders with the production of dry freight standard containers, especially 40ft high-cubes, falling sharply. Globally, high levels of inflation …
Special shipping containers provide some hope for container manufacturers Read More »
The dry bulk market has grown over the past weeks, as a combination of factors have offered support to the freight rate market. In its latest weekly report, shipbroker Xclusiv said that “the dry market definitely strikes back with BDI at 1,944 points, …
Dry Bulk Market on the Rise Read More »
In the second week of October, the VLCC MEG-China route is trending upward. However, the sustainability of this positive trend remains uncertain due to mounting concerns stemming from geopolitical tensions that are casting a shadow over the energy sect…
Downward revision of the number of MR ships, but still longer waiting times in the south Read More »