In the third week of November, crude freight market sentiment recorded a decrease with VLCC AG to China rates holding a resistance for firmer levels, however, when looking at the demand side there has been a further decrease in VLCC dirty tonne days gr…
“Respect, fairness and integrity” must be the cornerstone of a post-pandemic shipping market which has produced a breeding ground for opportunistic behaviours. That is the view of Mihai Stroe, Director of Global Transportation at Amer Sports, who belie…
Xeneta Customers Say: Has ocean shipping lost its moral compass? Read More »
Dozens of newbuildings were contracted last week, as more owners are returning to the market. In its latest weekly report, shipbroker Allied said that it was “another busy week with almost 40 new vessels added to orderbooks. There has been solid buying…
Plethora of Newbuildings Contracted Last Week Read More »
In the third week of November, the larger ship categories recorded greater stability in freight rates, which indicates a more solid development. In contrast, a downward trend was observed in the smaller ship sizes, particularly in the Handysize categor…
Higher monthly volumes of congestion at major Brazilian ports and days waiting Read More »
Shipping companies are facing significant financial exposure from introduction of the EU Emissions Trading System (EU ETS) next year that will increase balance sheet risk, further fuelled by carbon price volatility and the threat of fines for non-compl…