In the last days of July, the outlook for crude oil freight rates showed signs of weakness as the growth of demand in tonne days continued to decline. Additionally, the daily 25-day moving average of crude oil flows from Arabian Gulf countries to China…
The product tanker orderbook to fleet ratio has surged from 5.4% in December 2022 to 9.3% in June 2023, driven by a remarkable 337% y/y rise in contracting during the first half of this year. A spike in freight rates and product tanker demand is likely…
Contracting Of Product Tankers Jump 337% In The First Half Of 2023 Read More »
M&A-led growth strategies will propel leading regional terminal operators and container shipping lines into the global terminal operator rankings next year, according to Drewry’s latest Global Container Terminal Operators Annual Review and Forecast…
Rising M&A to boost dominance of global container terminal operators Read More »
The shipping industry is facing a pressing challenge: the need to decarbonise and reduce its impact on climate change. As regulators push for stricter environmental standards, the use of biofuels in shipping has emerged as a promising solution. Biofuel…
Sustainable bio-path towards decarbonization Read More »
Transit times and productivity are back to normal at USWC ports, and with a new labour agreement finally in place between the PMA and ILWU, the ports are set for a normal peak season – all that’s missing are the volumes. But potential cargo diversion f…
Risk of rising congestion looms at San Pedro Bay ports Read More »