Asia-Europe container freight rates are falling as port congestion in Asia pushes carriers back toward the Suez Canal, according to Sogese’s September Europe Container Market Update. Drewry’s 3 September World Container Index (WCI) put the …
The EU ETS is expected to keep impacting shipping both in the near and in the long term, following the latest gas price increases. In its latest weekly report, shipbroker Intermodal said that “the EUA market maintained its upward trend in August, despi…
Shipping: The EU ETS and the Energy Complex Read More »
The defining feature of the current asset market is not limited to five-year-old tonnage trading above newbuilding prices. Repricing spans the entire age curve and intensifies with vessel age. VLCC values are up 30% year-over-year at five years, 42% at…
Vintage Tonnage Captures the Freight Premium Read More »
VLCC fundamentals have softened from the tighter conditions seen earlier this year. Active VLCC tonne mile demand declined in August, while the ballast fleet increased as more vessels completed laden employment. Yet freight has not responded uniformly …
Geopolitical risk disconnects VLCC freight from demand Read More »
The tanker market could experience an increase of flows from West to East in the coming years, following the 65 billion barrel deal between the US and Venezuela. In its latest weekly report, shipbroker Gibson said that “last Friday, President Trump ann…
Tankers: Export Flows Could Increase from West to East Read More »