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 »
Regardless of the Suez Canal blockade which has stolen the headlines during the past few days, the maritime industry’s importance in the supply chain and the flow of commodities and goods around the world has been highlighted, perhaps in the most promi…
The Shipping Industry is in the Spotlight Read More »
According to the planned schedules, in the seven days from Tuesday when the Ever Given ran aground, 49 container ships carrying an estimated 400,000 TEU (Twenty-foot Equivalent Unit) were set to pass through the Suez Canal in both directions. The avera…
Suez Canal blockage stretches global supply chain Read More »