In order to decipher this historic level of freight rates we will focus on the drivers in three different parts: 1 – Cargo supply and demand This is the perspective where record VLCC rates are least justified. Global crude departures have been ar…
Deciphering the dirty tanker record rally Read More »
A lack of available tonnage is pushing ship prices higher, with demand still growing. In its latest weekly report, shipbroker Banchero Costa said that “newbuilding orders continued to flow this week. In the dry bulk sector, Chinese owner Yangzijiang Ma…
Ships Turning Into Hot Commodities Read More »
Five years after the launch of the Delivering on Seafarers’ Rights Code of Conduct, a growing number of shipping companies are demonstrating real change in seafarer welfare. However, across the industry as a whole, welfare improvements are not always r…
US soybean sailings to China recovered in September, following the subdued activity discussed in our Week 32 spotlight. At that stage, stronger forward purchases had yet to be matched by a comparable increase in departures. Following the August pause, …
Grain in Focus – US Soybean Sailings to China Recover Through September Read More »
With rates for tankers skyrocketing and the first signs of shortages in various parts of the world, it’s obvious that pressures are mounting from the Hormuz closure. In its latest weekly report, shipbroker Intermodal said that “the pressure on Middle E…
Tankers: Is an Oil Shortage Already Underway? Read More »