Across the major East-West headhaul trades: Transpacific, Transatlantic and Asia-North Europe & Med, 53 cancelled sailings have been announced between weeks 46 (13 Nov-19 Nov) and week 50 (11 Dec-17 Dec), out of a total of 650 scheduled sailings, r…
Drewry: 53 Cancelled Sailings Out of a Total of 650 Read More »
The tanker market has shown big fluctuations of late, with major spikes in some cases. In its latest weekly report, shipbroker Gibson said that “in the crude tanker market, we have witnessed a return of spectacular volatility, with spot earnings on sev…
Tanker Market In High Volatility Mode: Will This Trend Prevail Moving Forward? Read More »
Capesize The week began with an encouraging start in the Pacific market, marked by positive sentiment and a notable increase in volume with several tenders and operator-controlled cargoes, leading to a market increase of approximately 90 cents on C5. I…
Dry Bulk Market: Positive Momentum in All Classes Read More »
The tightening transit restrictions through the Panama Canal are predominantly impacting the southbound trade in the region, nudging a shift in trade routes for the USG-China trade. Drewry estimates a rise of 5-6% in freight rates due to the diversion …
Dry bulk market braces for tightening Panama transit restrictions Read More »
Seaborne coal trade from Australia to China is back this year, as the two countries have mended broker relations, ever since the aftermath of the COVID virus outbreak. This is reflected in trade patterns. In its latest weekly report, shipbroker Bancher…
Dry Bulk Market: Australian Coal Exports to China on the Rise Read More »