China is the world’s largest importer of crude oil and Russia is the second largest crude exporter. Much of the crude oil trade between the two countries, however, is piped and the short distance from Far East Russia to China also limits the impact on …
Russia-China dirty tanker trade soars 94% y/y after Ukraine invasion Read More »
Both dry and liquid bulk shipping markets will be reshaped this year on the back of supply chain friction and the war in Ukraine, while supply chain problems are expected to “drag on through” 2022. Analysts at ING expect trade growth of between 1% and …
Supply chain snarls and the war in Ukraine will change cargo flows Read More »
Looking back at the past five years in the oil and gas market and subsequently the offshore supply vessel (OSV) market, there have been distinct periods that have resulted in major shifts. 2017 to 2019 saw the industry climb out of the oil price crash …
The turbulent journey of the offshore supply vessel market Read More »
April saw the third consecutive monthly climb in long-term contracted ocean freight rates, with shipping costs rocketing by 11.1% globally to stand 109.9% up year-on-year. The data, revealed in the latest Xeneta Shipping Index (XSI®) Public Indices for…
Strong rebound in container traffic pushes global ports far beyond pre-pandemic levels Container shipping has enjoyed a phase of strong demand. With the exception of Hamburg and Hong Kong, the 15 largest container ports in the world exceeded pre-pandem…
Container shipping: volume growth calms, tariffs remain strong Read More »