The continued easing of lockdown restrictions across the globe, combined with the capacity constraints in other sectors, mean that charter hire rates for the multipurpose and heavylift fleet are expected to continue to rise from their current peak for …
Multipurpose vessel charter rates surpass 2008 peak with further to go Read More »
Global demand for consumer goods has rebounded since the second half of 2020, driven initially by large government stimulus packages and, more recently, by resilient capital expenditures and swift vaccination rollouts in most developed markets. But sup…
PIMCO: Supply Bottlenecks Likely to Ease by the End of the Year Read More »
Lead times are shorter for VLSFO and LSMGO stems in Singapore, while VLSFO supply has tightened in China’s Shandong area this week. Singapore’s fuel oil stocks dropped by 5% to 22.82 million bbls last week, which was their lowest levels since late Marc…
ENGINE: East of Suez Bunker Fuel Availability Outlook Read More »
In the jungle of ever-increasing ocean freight rates, equipment shortages and space limitations, shippers/Beneficial Cargo Owners (BCOs) are wondering whether they should go out to tender their ocean freight rates. Drewry reviews the alternatives. The …
To bid or not to bid? Read More »
Excellencies, distinguished delegates, observers, good morning, good afternoon, good evening, It is a great pleasure for me to welcome you to the session of the Sub-Committee on Implementation of IMO Instruments. While we move ahead with important chan…
Seventh session of the Sub-Committee on the Implementation of IMO Instruments Read More »