The panamax market has been on a rally over the past few days. In its latest weekly report, shipbroker Xclusiv said that “on Friday 17th November 2023, BPI hit 1,874 points and the weighted average of the 5 T/C routes reached USD 16,868. The Panamax in…
Panamaxes Ride Wave to 11-month High Read More »
When managing freight, diversity is a characteristic that businesses should look to instil in their supply chains. Freight diversification is a strategy that shippers use that involves multiple modes of transportation, carriers and routes to get their …
In the first ten months of 2023, coal shipments to advanced economies fell by 17% y/y, as demand for electricity declined and the share of electricity produced using renewable energy rose. Also slowed economic activity and high energy prices affected e…
Coal shipments to advanced economies down 17% so far in 2023 Read More »
More newbuilding orders were submitted last week, as owners are eager to book more berths, ahead of a capacity overflow among major yards. In its latest weekly report, shipbroker Allied said that it was “another fairly busy week for contracting, with a…
Newbuilding Ordering Activity on the Rise Read More »
During the fourth week of November, larger ship categories maintained their stability from preceding days. Notably, the Panamax vessel size exhibited noteworthy gains. Meanwhile, the uncertainty surrounding a stronger momentum for the Capesize segment …