Capesize values continued to soften over the course of December with the most dramatic fall seen in 15 year old Capes of 180,000 DWT, down by c.3.4% from USD 20.09 mil to USD 19.34 mil. Sentiment for the Capesize sector has been marred by concerns over…
Capesize values softened in December 2022 Read More »
Record global petroleum consumption is on the cards for 2024, according to the U.S. Energy Information Administration’s first forecast for this year. In its latest Short-Term Energy Outlook (STEO), the EIA forecasts that global liquid fuel consumption …
Global oil demand returns to growth trajectory Read More »
In a stark display of the weak demand undermining the containerized ocean freight industry, the latest data from Xeneta reveals carriers blanked more than six times the number of sailings on the main Asia to US West Coast corridor leading up to Chinese…
Chinese New Year fails to bring joy for carriers, as blank sailings soar Read More »
Weak economic activity, a 10.5% increase in domestic coal mining, and a recovery in coal imports from Mongolia via rail alleviated coal shipments to China in 2022. However, the end of China’s zero Covid policy and an anticipated recovery of the Chinese…
Coal shipments to China fell 12.2% in 2022, mixed outlook ahead Read More »
Why should ship operators bring ESG to life in their companies? ESG is not only about compliance. It is very much about creating trust in your stakeholders. As shipping companies, we are an important part of the value chain for our stakeholders. Partic…
How to successfully bring ESG reporting to life in shipping companies Read More »