According to Clarksons Research1 (https://clarksonsresearch.wordpress.com/tag/opex/), spares and maintenance costs in the shipping industry have been steadily on the rise and can constitute approximately 18% of a vessel’s Operating Expenses (OPEX). Cos…
Capesize The Capesize market suffered a technical correction this week, with the timecharter average shedding $1792 to close at $16,252. Whilst the catalyst was not isolated to one loading area, the C5 West Australia round rapidly traded lower on Thurs…
Dry Bulk Market: Correction Mode Evident This Week Read More »
Agricultural trade has successfully sidestepped the sharp fall in overall merchandise trade in the first half of 2020, but can it continue to avoid the ripple effect of the Covid-19 pandemic? A note from the World Trade Organisation finds that agricult…
Agricultural trade is shipping’s bright star Read More »
BHP has awarded the world’s first LNG-fuelled Newcastlemax bulk carrier tender, with the aim of reducing greenhouse gas (GHG) emissions by more than 30 per cent per voyage. Eastern Pacific Shipping (EPS) has been awarded the five-year time charter cont…
The composite index of the Shanghai Containerized Freight Index (SCFI) jumped to its highest level since September 2012, reaching 1,263.26 on 28 August, and representing a 54.4% increase from 24 April when the SCFI was at its lowest point this year. Th…
Shanghai container spot rate index hits 8 year high Read More »