The Bahamas Maritime Authority (BMA) was especially pleased to take part in the Posidonia Conference and Exhibition this year as it coincided with the 10th Anniversary of the opening of its Greek office in 2014. At the time, it was the only Flag with s…
The Bahamas Maritime Authority’s Greek office reaches a ten-year milestone Read More »
This week’s data underscores the declining trend in VLCC ballast speeds during the summer season, coinciding with a weakening trend in AG-China freight market rates throughout June. Since mid-May, there has been a noticeable strategy among indust…
Dirty crude oil flows to China Read More »
This week’s chart (on the right) illustrates the correlation between the number of ballast vessels for Panamax-size ships in the ECSA region and the evolution of P6 $/mt freight rates. Meanwhile, the left chart examines the daily volume loaded (1…
Dry Bulk Market Demand Dynamics – Panamax P6 Read More »
Crude tanker owners are enjoying a dream run in charter rates as stretched voyages due to the Russia-Ukraine War and the Red Sea crisis have tightened the market, especially the mid-size tanker segments. While spot rates are expected to remain firm unt…
Should crude tanker owners start trimming spot exposure? Read More »
Since early May, shippers, forwarders/NVOs, ocean carriers and ports have experienced a return to capacity challenges, soaring spot freight rates, chronic port delays and a surge of traffic volumes. Some shippers are having issues securing capacity at …
Red Sea diversions and slower ports cause bigger-than-expected issues – will they last? Read More »