Tanker supply has been growing over the past few years, as more and more newbuildings are entering the global fleet. In its latest weekly report, shipbroker Xclusiv said that “tanker fleet growth has accelerated considerably over the past two years, ma…
Tanker Rates Are Up, But So Is Ships’ Supply Read More »
MR demand shifts back towards regional trading Pacific origin MR earnings have maintained a substantial premium over Atlantic routes throughout 2026, while regional tonne mile demand has shifted considerably since April as trade patterns adjusted to di…
MR Freight Divergence: A Market Poised for Rebalancing Read More »
Global reliability fell for the fourth consecutive month down to 27% on-time, 2pp lower than August and now matching February’s floor earlier in the year. There is little prospect of hitting a firm floor in October given continued deterioration on Asia…
The ship recycling markets were stable over the past week. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships, said that “the Indian recycling market remained broadly similar to last week, with little change in …
Ship Recycling Markets Maintain Their Resilience Read More »
“During the first two weeks of October, weekly container ship capacity transiting the Suez Canal averaged 753k TEU, according to Clarksons Research, compared with 1,457k TEU during the same period in 2023. Since the Houthi attacks began in the Re…
Suez Canal container ship transits exceed 50% of pre-disruption levels Read More »