A year on from peak trade disruption, we update our half year report for the shipping industry profiling a strong recovery and some exceptional individual markets. While previous years’ reports have mentioned “must do better” or “extra classes needed”,…
Clarksons: Strongest Half Year For Shipping Markets Since 2008 Read More »
Global shipping accounts for about 3% of the world’s annual carbon emissions, and pressure is intensifying on the industry to reduce that pollution to contribute to the international goal of net-zero carbon emissions by 2050. To date, the shippin…
IMO has a new plan to reduce shipping’s carbon emissions; will it be enough? Read More »
VLSFO and LSMGO grades are plentiful across Europe and Africa, while pockets of tightness for HSF380 remain in the Mediterranean and Black Sea this week. ARA and Gibraltar Strait ports have readily available supplies of all grades, and lead times for H…
ENGINE: Europe & Africa Bunker Fuel Availability Outlook Read More »
In April’s Logistics Executive Briefing, Drewry flagged the issue of “extreme freight rates” and predicted that spot rates would continue to increase. Three months on, spot rates have jumped by another 70% or so and we expect rates to get close to $20,…
Extreme spot rates heading for $20,000 Read More »
Long-term contracted ocean freight rates continued their ascent through June, although not with the dizzying trajectory witnessed in recent months. May’s 9% surge in prices eased back to a 2.3% gain in June. However, the latest figures, detailed in Xen…
Xeneta Container Rates: Increase Slows, But Still No Relief In Sight For Global Shippers Read More »