The tanker market has had a positive month of February, OPEC said in its latest monthly report. VLCC spot rates recovered further in February on all monitored routes, with the Middle East-to-East route leading gains. On average, VLCC spot freight rates…
Tanker Market Shows Improved Performance During February Read More »
In the second week of March, the VLCC MEG-China market rates continued to soften, while the number of vessels in Ras Tanura showed an increase despite the significant downward trend observed earlier in the month. Within the crude tanker segment, t…
Dirty crude oil flows from OPEC+ oil producing countries to Asia Read More »
Growth in demand for container shipping imports from China into Mexico in January 2024 increased by 60% compared to 12 months ago, further fuelling suspicions it has become a ‘back door into the US’. This is now one of the strongest trade lanes in the …
The PSV market has been on the rise since the start of the year. In its latest weekly report, shipbroker Intermodal said that “the beginning of 2024 has marked one of the strongest openings of the last decade on the North Sea PSV spot market, especiall…
High Seas for PSV Spot Market in the North Sea Read More »
The Freightos Baltic Global index was level overall in February – dipping 2% month on month to $3,351/FEU – but still nearly 2.5x higher than at the end of December 2023 as diversions away from the Red Sea and some pre-Lunar New Year (LNY) demand kept …
FBX Index March 2024: Market summary Read More »