Transit times and productivity are back to normal at USWC ports, and with a new labour agreement finally in place between the PMA and ILWU, the ports are set for a normal peak season – all that’s missing are the volumes. But potential cargo diversion f…
Risk of rising congestion looms at San Pedro Bay ports Read More »
Newbuilding activity grew this past week, with more orders being reported. In its latest weekly report, shipbroker Allied said that “Dynacom’s ordering stole the show this week, as news of additional contracting came to light along with confirmation of…
More Newbuilding Orders Reported, as Greek Ship Owners Are Making Moves Read More »
As the third week of July unfolded, crude oil market rates continued to grapple with negative pressure, compounded by a noticeable increase in the supply of crude oil tankers. The demand for Very Large Crude Carriers (VLCC) tonne miles experienced a sh…
US soybean, maize, and wheat exports could fall 15% in 2023 due to droughts that affected harvests last year. However, the upcoming maize harvest may drive a recovery in US grain shipments from the fourth quarter onwards. According to the United States…
Key US grain exports could fall 15% in 2023, brighter outlook ahead Read More »
The Bahamas Maritime Authority held its annual Greek Seminar late last week, in order to inform its partners in the local market on its activities and the recent developments in the IMO MEPC 80 session, which updated the shipping industry’s commitment …