The ocean freight rates landscape in the Far East has been completely redrawn since the start of the year, with spot rates plummeting by an average of 75% across the six major trading lanes. By comparison, long-term rates are proving more resilient, wi…
WHAT IS CII? The new International Maritime Organisation’s (“IMO’s”) Carbon Intensity Indicator (“CII”) certification will capture a wide range of ship types above 5,000 GT. The CII certification regime forms part of the amendments made under the Inter…
BIMCO CII clause finally released: does it make any sense of CCI? Read More »
Sanctions on Russian oil have triggered major moves in the tanker market, with Russia and its allies proceeding with mass acquisitions of older tanker tonnage, which has started to reflect in the S&P market. In its latest weekly report, shipbroker …
Tankers Changing Hands Left, Right and Center Read More »
Fitch Ratings has revised its outlook for shipping to deteriorating from neutral, reflecting the challenges facing Container Shipping. We forecast that Tankers and Dry Bulk will remain stable, with the former the most likely to perform well. The easing…
Fitch Ratings: Global Shipping Outlook Worsens on Lower Container Freight Rates Read More »
From mid-2020, global container export volumes saw strong growth, and combined with increasing port congestion it caused supply chain challenges and historically high liner operator financial results which have been the norm since. In September 2022, h…
Global container volumes fall 9.3% y/y as historic growth cycle ends Read More »