More VLCCs managed to secure employment in August, as higher demand for crude spurred by stronger refinery processing and robust refined products cracks in the Atlantic Basin boosted utilization rates significantly. Demand for shipping crude oil increa…
Following a period of historically high freight rates, the Container sector is now experiencing a correction. The Container freight market is said to have peaked, as demand concerns linked to the health of the global economy have dulled sentiment somew…
What’s Happening in the Container Market? Read More »
Overview BIMCO has published a revised and updated version GENCON 2022 – one of its flagship contracts within its portfolio of standard contracts for the maritime industry. The revisions reflect significant changes in the regulatory landscape sin…
BIMCO publishes updated Gencon contract Read More »
An in-depth survey in the maritime industry revealed shocking figures in gender-based discrimination against women, onboard harassment and bullying. WISTA International, Anglo Eastern, International Seafarers Welfare and Assistance Network (ISWAN) and …
Capesize Week-on-week the average of the weighted 5TC average declined $790, finishing the week at $17,175. The Brazil to Qingdao trade slipped two dollars throughout the week, whilst the West Australia to Qingdao trade remained static in the low/mid $…
Dry Bulk Market: Capesize Segment Loses Steam Read More »