The Baltic Exchange has added quarterly assessments of the cost of operating crude oil carrying Aframax tankers and clean product carrying Medium Range (MR) tankers to its growing suite of shipping investor tools. The new service is based on assessment…
New OPEX assessments for tankers Read More »
I know. We all saw it. Like the world’s most epic game of Jenga ending, it all came crashing down. Those who were closely watching the trading of the May contract of WTI will be all too aware of the negative pricing that occurred this week. Those who w…
Oil’s Well that Ends Well Read More »
The benefits of strong demand growth in the 2010s were limited by faster supply growth. Over the past decade, the developing world economy has allowed for strong growth in shipping activities, with the demand for transport never having been higher. How…
Overcapacity And Low Demand Growth Set The Tone In The 2010s Read More »
New analysis conducted by maritime intelligence company eeSea has revealed the extent of the impact of COVID-19 on global container shipping capacity. According to the latest data – updated daily – a total of 302 of 2,693 sailings, or 11%, …
As the coronavirus continues to show its teeth and weigh on global economic growth, seaborne container volumes are not exempt and face a decline year-on-year. Loaded container imports on the US West Coast (USWC) paint this picture well with 2.2 million…
Q1 container imports drop 14% on US West Coast Read More »