Clean LR2 LR’s in the MEG began showing signs of recovery after some time paused at WS115. TC1 ticked up 10.28 points at the end of the week to WS125.28 and for a trip west on TC20 the index climbed $56,646 to $4.16m. West of Suez, Mediterranean/East L…
Tankers: VLCC Market Firming Up Read More »
Capesize This week began with optimism, particularly in the Pacific, which saw early strength, buoyed by improved demand from miners and fresh coal cargoes. However, the momentum quickly reversed as the week progressed, and by midweek, market sentiment…
Dry Bulk Shipping: Capesize Market Softened Last Week Read More »
The tanker market showed improved performance during the month of September, according to OPEC’s latest monthly report. Dirty spot freight rates for VLCCs and Suezmax witnessed an improved performance in September, while Aframax rates moved lower. VLCC…
Tanker Market Improved in September Read More »
The two men leading Hapag-Lloyd and Maersk into the new Gemini Cooperation joined together on stage at the Xeneta Summit in Amsterdam yesterday to reinforce their confidence in the new alliance achieving its ambition of 90% service reliability. The Gem…
Shipping giants reinforce confidence in Gemini alliance service reliability ambitions Read More »
The World Trade Organization (WTO) has slightly revised its forecast for global merchandise trade growth in 2024, predicting a 2.7% increase from the previous estimate of 2.6%. However, the organisation warns that downside risks remain, primarily due t…
WTO raises 2024 trade forecast, but risks remain Read More »