As we have discussed in the previous freight rate forecast publications, there has been upside risk for our last assumption for near-term freight forecast, specifically for sub-Panamax grain tonnages, owing to (a) unusual high congestion, (b) strong co…
Reliability of container shipping deteriorates further After successfully refloating the container carrier Ever Given, the impact on already stretched supply chains is yet to follow. The last of the 350 vessels delayed by the blockage resumed their jou…
Rising costs and less capacity: Shipping’s extraordinary global predicament Read More »
Further disruptions and delays in the global supply chain are a given, after the closure of the Suez Canal since last Tuesday. For most ship owners though, this development is expected to further boost their bottom lines. In its latest weekly report, s…
Higher Vessel Utilization a Given, After Suez Canal Blockade Read More »
Capesize A more tempered week saw rates soften across all routes with low activity in both basins. Resilience and strong optimism still remains from Owners, yet the tailwinds from smaller classes turned to headwinds early in the week as market sentimen…
Dry Bulk Market: Capesize Market Softens With Low Activity in Both Basins Read More »
Bunkering demand holds up relatively well While oil demand was significantly hit last year as a result of the Covid-19 pandemic, bunkering demand held up relatively well. IEA numbers show that bunkering fuel demand is estimated to have fallen by around…
Marine fuels: Hi-5 spread strength Read More »