Singapore’s bunker market has tightened significantly this week, after workers tested positive for Covid-19 at Universal Terminal which has delayed barge loading schedules. The terminal is currently short staffed, with the number of barges queued up in…
ENGINE: Global Fuel Availability Outlook Read More »
After a slow start to the US soya bean export season, partly due to disruption from Hurricane Ida, US soya bean inspections ahead of exports have jumped to 1.6m tonnes in the week ending 7 October. This represents a 90.9% jump from the week before and …
BIMCO: US soya bean inspections nearly double week-on-week to 1.6m tonnes Read More »
Newbuild orders for multipurpose ships (MPV), including both breakbulk and project cargo vessels, are not expected to reach pre-pandemic levels this year, in sharp contrast to the competing sectors of containerships and dry bulk carriers, according to …
Lack of newbuilds accelerates shortage of modern tonnage for MPV fleet Read More »
A rapid replacement of fossil fuels with renewable fuels based on green hydrogen and advanced biofuels could enable to cut up to 80% of CO2 emissions attributed to international maritime shipping by mid-century, a new report by the International Renewa…
Will freight rates on Asia-Europe or the Transpacific reach 40.000 USD/FFE in the run-up prior to Chinese New Year 2022? Or will they start dropping already now and be back to a more normal level of 2-3.000 USD/FFE by February? These are extremely impo…
FBX Index: The impossibility of short-term forecasting Read More »