Tanker supply is set to “fall off a cliff” in 2023, resulting in what a leading shipping analyst describes as a “tremendous” fleet. Dag Kilen, head of research at Fearnleys AS, and a presenter at the Baltic Exchange Tanker Market Insights Webinar, part…
Tanker supply “falling off a cliff” Read More »
While the world observes the unfortunate escalation of the Russian invasion of Ukraine and the ripple effect that it is causing in the supply chain of key commodities, this report examines how the disturbing events in Ukraine can affect grain cargo flo…
Grain pain in the Black Sea Read More »
Although tanker scrapping revived in the past twelve months, recycling activity within the world merchant ship fleet has been generally subdued in recent years. But signs point to much larger future volumes of vessels being consigned to shipbreakers’ y…
Shipowners’ muted enthusiasm for scrapping Read More »
The U.S. responded to the Russian invasion of Ukraine by imposing sanction measures targeting not only the core infrastructure of the Russian financial system but also the shipping industry. The US Department of Treasury’s Office of Foreign Assets Cont…
US Response to Russian Invasion with Sanctions on Shipping Read More »
After a rare dip in long-term contracted ocean freight rates in December and January, container shipping costs are rising once again, with a 3.9% increase in February. The development, revealed in the latest Xeneta Shipping Index (XSI®) Public Indices,…