Sleepy Joe may have confirmed Kamala Harris as his running mate for the US Presidency, but there is another sleepy factor lurking in the background, ready to bring either fireworks or a quiet slide into obscurity towards the end of this year. The world…
A Sleeping Bull in a China Shop Read More »
Bunkers are a relatively small part of the overall oil market, accounting for just over 6%. It is what is happening elsewhere in the industry that sets the underlying price in our market, but of course with a number of factors that determine if VLSFO, …
To see where bunker prices are going, we have to look at the bigger oil picture Read More »
The ships’ recycling market has been steadily rising during the past few weeks. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “the market has taken on a parallel role with our great British summer that is currently being expe…
Demolition Activity Keeps Increasing Read More »
Summer may be drawing to close in the northern hemisphere but for dry bulk shipowners, the positive tone could continue into early autumn as port delays and diversions provide continued upside, says Maritime Strategies International. July was another p…
Bottlenecks and inefficiencies are key upside risks for dry bulk market says MSI Read More »
Since the bottom out in demand in April, caused by the COVID-19 pandemic, volumes of US-bound containerised goods from the Far East have risen steadily. In parallel with the gradual recovery in imports, container freight rates rose significantly, as wi…
Container freight rates into US West Coast down USD 405 per FEU Read More »