Navigating a ship has always involved risks, but it is near the shore and in ports where the danger is greatest. A new analysis based on Gard claims data reveals where vessels are most likely to be involved in groundings or collisions. Human error is u…
Hot spots for accidents – the risks and locations to be aware of Read More »
With the US market not able to fully service the European continent, more crude oil VLCC cargoes have started flowing out of the Middle East market. In its latest weekly report, shipbroker Gibson said that “in recent years we have seen a remarkable inc…
VLCC Market: More Flows Towards Europe From the Middle East Read More »
In the third week of August, downward pressure continues on the VLCC MEG route to China, while Saudi Arabia’s crude oil exports to all destinations are expected to decline significantly over the summer compared to the previous two years. As shown…
Xeneta believes long-term ocean freight rates may have started bottoming out after around a year of persistent, often dramatic monthly falls. The Oslo-based benchmarking and market analytics company says the latest General Rates Increases (GRIs) from c…
Lower values of China’s dry bulk exports have triggered shifts in major routes. In a recent weekly report, shipbroker Xclusiv Shipbroking said that “China, the world’s second-largest economy suffered a sharp decline in exports and imports in July…
China’s Dry Bulk Trade Volume on the Rise Read More »