Annual casualty figures from INTERCARGO, the International Association of Dry Cargo Shipowners, highlight continuing improvement in the safety performance of the sector. The Association’s Bulk Carrier Casualty Report records the yearly loss of vessels*…
“Since the start of the year, newbuilding prices have risen 3% to their highest level since 2008. Compared to their most recent low in late 2020 they are up 53%. During the same period, the order book has grown by 72%, reaching its highest level since …
Newbuilding prices climb 3% to highest level in 16 years Read More »
This week’s chart visualises the 14-day moving average of actual port days for energy cargo at Far Eastern ports, comparing the Capesize, Panamax, and Supramax segments. As shown in the image below, there is a notable decreasing trend in the Cape…
Port Congestion, Far East Read More »
The number of LNG newbuilding orders have more than doubled from the same period last year where 34 orders were placed, compared to 78 in the first five months of 2024, an increase of c.129%. Newbuilding prices for the Large LNG sector of 174,000 CBM a…
LNG newbuilding values at record high: 78 newbuild orders placed in 2024, doubling 2023 Read More »
The amount of crude oil and oil products flowing around the Cape of Good Hope, located at the southern tip of Africa, increased nearly 50% in the first five months of 2024 compared with the 2023 average as commercial vessels avoided chokepoints in the …
Red Sea disruptions increase oil flows around Cape of Good Hope Read More »