Capesize The market turned for all Capesize routes this past week as the BCI reached new highs for the year. The Capesize 5TC started the week at $23,911, surged early in the week before a lull mid-week. It closed out with a strong gain of 4,339 for th…
Dry Bulk Market: Capesizes Reach New 2021-High Read More »
Throughout its existence, the maritime industry has shown that it is capable of continuously transforming itself to improve efficiency and productivity, irrespective of the challenges along the way. The two ongoing transformations related to digitaliza…
Closing the safety gap in an era of transformation Read More »
A potential lifting of Iran’s sanctions could have a major impact in the tanker market, with many ships currently involved in illiciit trading with Iran headed for scrap, thus offering a significant boost in terms of alleviating oversupply issues, curr…
Can Iran Offer Tankers a Lifeline? Read More »
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 »