The latest OPEC+ surprise decision to boost production could boost supply and lead to stronger tanker rates. In its latest weekly report, shipbroker Intermodal said that “the global oil market has been riding through intense swings, with Brent crude tu…
Tankers: OPEC’s Price Policy Could Boost Rates Down the Line Read More »
The proposed fee under the USTR framework could render China-owned and China-operated vessels redundant for US trade. This likely triggers a shift in port calls, with non-Chinese vessels continuing to serve US ports, while Chinese-operated or owned shi…
USTR proposal will make Chinese shipping companies redundant for US cargo Read More »
On April 17, 2025, the Office of the United States Trade Representative (USTR) issued a final notice of action for its Section 301 investigation on “China’s Targeting the Maritime, Logistics, and Shipbuilding Sectors for Dominance.”1 …
USTR Issues Final Section 301 Actions in China Shipbuilding Investigation Read More »
A lot of unknowns are yet to be determined over the next few months and years, in order to the shipping industry to gain full clarity around the implementation of the recently agreed IMO Net Zero Framework. In its latest weekly report, shipbroker Gibso…
IMO Net Zero Framework: Clarity is Still Needed to Adress Implementation Challenges Read More »
Capesize The Capesize market remained in negative territory throughout the short week, with limited signs of recovery across both basins. The BCI 5TC fell by $3,072 week-on-week, closing at $14,169 on Friday. A trans-Atlantic voyage reported midweek fe…
Dry Bulk Market: Capesizes Stayed in Negative Territory Last Week Read More »