Global steel demand is expected to grow by 5.8% this year, and by a further 2.7% next year, more than offsetting the 0.2% decline in demand in 2020. In real terms this means an extra 102 million tonnes will be needed this year, with a further 50.6 mill…
Steel demand bouncing back Read More »
It has been 15 months since the pandemic initially shut down China and since then the container shipping industry has been constantly impacted by a barrage of disruptions. The initial wave of blank sailings prolonging the Chinese New Year capacity redu…
FBX Index: No short term fix in sight Read More »
Bunker fuels are readily available for deliveries across key bunkering ports in the US, supported by steady inventory levels. US fuel oil stocks have stood at roughly at the same position in the past two months, averaging 31.72 million bbls in April an…
ENGINE: Americas Bunker Fuel Availability Outlook Read More »
Record high US seaborne exports of coarse grains in March of 9.2 million tonnes took total Q1 exports to 21.3 million tonnes. This is the highest ever first quarter on record and a 120% increase from Q1 2020. Of the total 21.3m tonnes exported so far t…
BIMCO: Tonne mile demand triples as March witnesses US coarse grain madness Read More »
Reefer container freight rates have risen sharply this year but remain far outgunned by the inexorable rise in dry box pricing, according to Drewry’s newly launched Reefer Shipping Forecaster report. Drewry’s Reefer Container Freight Rate Index, a weig…
Reefer container freight rates soar but remain outgunned by dry box rates Read More »