Container shipping rates are on the rise once more. In its latest weekly report, shipbroker Xclusiv said that “container shipping rates are soaring, nearing record highs from the pandemic era as the Baltic FBX index is at USD 3,408 / TEU, closing down …
Container Rates on the Rise Again Read More »
After a period of relative stability spanning five decades, the industry finds itself grappling with a new reality. A maturing Chinese giant, the rise of regional trade blocs, and the growing significance of short-sea shipping are all reshaping the glo…
Shipping’s new reality Read More »
It is common for vessels that trade through the Malaca and Singapore Straits to receive instructions to wait “OPL Singapore” for voyage orders. “OPL” stands for “Outside Port Limits”. However, under the UN Law of the Sea Convention (UNCLOS), Malaysia, …
Double-check where you can anchor – lessons from the AFRA OAK decision Read More »
Tanker ordering activity was the main trend in last week’s newbuilding orders, while bulkers keep dominating the S&P market. In its latest weekly report, shipbroker Banchero Costa commented that “not many orders reported during this week, but tanke…
Newbuilding Orders Slow Down, as S&P Deals Accelerate Read More »
Supply/demand balance Houthis continue to attack ships in the Red Sea and the Gulf of Aden, and there is no end to the conflict in sight. We therefore base our forecasts on the assumption that rerouting of ships away from the Red Sea and the Suez Canal…
BIMCO: Tanker Shipping Demand to Rise by 10.2% in 2024, Compared to 2022 Read More »