After a volatile 2022, leading shipbroker Simpson Spence Young (SSY) looks at the next 11 months and highlights areas of particular interest in their 2023 Outlook Report. Contributions come from a range of senior research and broking experts and cover:…
2023 Market Outlook from SSY Sees Return to Growth for Dry Bulk Market Read More »
“Despite falling 1.1% m/m in both November and December, US retail sales volumes remain 13% above 2019 levels and 6% higher than the pre-COVID trend. However, sales volumes could return to trend during 2023 and thereby pose a risk for Asia to North Ame…
Does 1.1% m/m decline in US retail sales spell more trouble for container volumes? Read More »
January proved to be a dramatic month for long-term ocean freight rates, with the latest data from the Xeneta Shipping Index (XSI®) showing the largest ever month-on-month declines. According to the XSI®, which is based on crowd-sourced data from leadi…
The 9th session of the IMO’s Sub-Committee on Ship Design and Construction (SDC 9) was held from 23 to 27 January. SDC 9 agreed to extend the requirements for on-board emergency towing devices to all ships over 20,000 gross tonnage to reduce the risk o…
IMO Sub-committee On Ship Design And Construction (SDC 9) Read More »
Capesize The Capesize timecharter average (5TC) lost more than 50% of its value since the middle of last week. The spot rates in both basins continued their descent throughout the week after the lunar New Year holidays. The 5TC closed the week at $4,43…
Dry Bulk Market: Capesizes Down More Than 50% in the Space of 10 Days Read More »