The delays in Panama Canal crossings, as a result of the low water levels in the area, are starting to cause a major “headache” among the supply chain industry ahead of the Holiday season. However, there are also implication in the tanker shipping mark…
Panama Canal: Is the Situation Affecting the Tanker Markets? Read More »
Capesize The week in the Cape market has shown a mix of activity in both the Pacific and Atlantic regions. In the Pacific, the week began positively with two major players active in the market, contributing to a slight uptick in rates. Increased coal e…
Dry Bulk Market: Panamaxes Show Strong Growth Momentum Read More »
Continuing congestion, exacerbated by the impact of El Nino to the end of 2023, will increase voyage costs and may affect trade patterns, should longer waiting times result in operations through the Panama Canal becoming commercially unviable. Charter …
Congestion in Panama to support charter market Read More »
The tanker market showed a mixed performance in August, OPEC said in its latest monthly report, which was released this week. Dirty tanker freight rates continued to decline across all monitored routes as long tonnage lists and reduced activities weigh…
Tanker Market: Mixed Performance During August Read More »
The maritime industry is no stranger to risks and uncertainties. From marine accidents due to human error and natural disasters, to geopolitical conflicts, the challenges faced by shipowners, operators, and cargo owners are diverse and complex. One cru…
“Navigating Uncertainty: The Importance of Marine War Risks Insurance Read More »