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 …
Just as the maritime industry underpins global trade, seafarers across the world ensure that the shipping sector remains afloat. Since international voyages can span weeks or months, employees on ships often don’t return home for long periods. Receivin…
Enabling Smooth Payments for Seafarers During Times of Crisis Read More »
The third week of July sustained the downward trend of freight market rates of the previous days of July, however, signs of an upward trend were recorded in the Panamax Continent to Far East rates. On the supply side, the number of ballast ships increa…
Iron ore and coal dry bulk flows to China daily (25d MA) above year-earlier level Read More »