Long-term ocean freight rates slid once again in August, marking the 12th consecutive month of declines for beleaguered carriers. According to the latest real-time data from the Xeneta Shipping Index (XSI®), contracted rates fell 7.8% in August, meanin…
Northwest Europe HSFO availability in Rotterdam and in the wider ARA hub has improved, sources say. However, securing the grade for very prompt delivery dates (0-2 days) remains difficult. Lead times of 5-6 days are recommended for the grade, slightly …
Europe & Africa Fuel Availability Outlook 30 Aug 2023 Read More »
The Covid-19 pandemic and ensuing crew-change crisis – later exacerbated by the escalation of the war in Ukraine – disrupted supply chains and had a significant impact on crew welfare, leaving seafarers stranded at sea for months at a time facing acute…
Evolving crew challenges call for enhanced focus on seafarer mental health Read More »
The ‘clipboard, pen and paper’ approach to creating Statement of Facts (SoF) documents is costing the shipping industry millions of dollars a year and leading to errors and inefficiency, maritime solutions company Voyager warns. Every year, an estimate…
Manually Processing Demurrage Is Costing Charterers Millions Of Dollars Read More »
Capesize In the Pacific, the week began with promising involvements from all three majors, yet this enthusiasm did not translate into substantial market gains, yielding a relatively stagnant atmosphere. As the week unfolded, Pacific trading maintained …
Dry Bulk Market: Mixed Performance for the Capesize and Panamax Markets Read More »