Highlights The Shanghai and China Containerized Freight Indices (SCFI and CCFI) have fallen by 49% and 40% respectively during the two and a half months since our last report. The SCFI is fast approaching average 2019 levels but for now remains 61% hig…
Containers: A return to normal and prospect for laid-up ships Read More »
The global iron ore seaborne trade has been on the decline so far this year. In its latest weekly report, shipbroker Banchero Costa said that “so far in 2022, iron ore trade softened again, primarily due to weaker demand from China and supply issues in…
Global Iron Ore Loading Down This Year Read More »
MR values have hit the highest levels since Oct 2008. The current value for a five year old MR is up by c.45% from the start of the year, from USD 30.32 mil to USD 44.01 mil. Sales for this sector have increased by c.15% from last year and so far in 20…
MR values hit 14 year high Read More »
Gloomy prospects with increasing risks’ – a headline in UNCTAD’s latest Review of Maritime Transport (RMT) casts the die on shipping’s sombre outlook. Any recovery in maritime transportation and logistics is now “at risk” from the war in Ukraine, the c…
‘Gloomy prospects’, ‘losing steam’ – UNCTAD summarises shipping’s outlook Read More »
The tanker market is experiencing some of its best days of the past couple of decades, as ton-mile trading has grown considerably. In its latest weekly report, shipbroker Allied Shipbroking said that “oil markets look to be in complete disarray this we…
Tanker Rates at 20-year Highs as Ton-Mile Demand Grows Read More »