International Shipping News

Ocean freight container shipping market set to surpass Red Sea crisis peak and hit levels not seen since Covid-19 pandemic

Ocean freight container shipping spot rates are set to exceed the level seen at the height of the Red Sea crisis when the latest round of increases hit the market on 1 June, according to the latest data released by Xeneta today, Thursday. Peter Sand, X…

Ocean freight container shipping market set to surpass Red Sea crisis peak and hit levels not seen since Covid-19 pandemic Read More »

Bulker newbuilding values at 15-year high: Values for newbuild vessels of 180,000 DWT up by c.5.45% from USD 66.09 mil to USD 69.63 mil

Bulker newbuilding values are currently at 15-year high, with increases across all sectors since the start of the year. This is due to a number of factors including strong market fundamentals and increased demand, high steel prices and shipyard costs. …

Bulker newbuilding values at 15-year high: Values for newbuild vessels of 180,000 DWT up by c.5.45% from USD 66.09 mil to USD 69.63 mil Read More »