Ocean carriers on the Asia to West Coast trade are fast approaching the point where they will lose money on every container they haul as plummeting spot rates sink near pre-pandemic levels and bump up against a new break-even level driven by falling vo…
Carriers pivot on the fly as Asia-US spot rates plummet Read More »
The LPG shipping market has experienced considerable growth this year, with global exports growing by 3.8% from January to October. In its latest weekly report, shipbroker Banchero Costa said that “global LPG (liquified petroleum gas) trade was very di…
USA LPG Exports to Europe Have Grown By 54.8% This Year Read More »
As world leaders gathered in Sharm el-Sheikh, Egypt, for COP27 on November 7-8, emissions from shipping remained a key focus. While shipping is not covered by the Paris Climate Accord – the main thrust of COP27 – the decarbonisation of the …
Shipping in COP27’s sights Read More »
2022 to date has seen a total of 292 Container sales, with the majority of these transactions taking place in the in the first half of the year. In October there were just nine Container sales reported, compared to 47 in January, a decrease of 81%. Of …
VesselsValue: Container sales slow Read More »
Tanker owners could be prompted to sell a part of their fleet in order to take advantage of the existing bullish market sentiment and capitalize on potential revaluations. In its latest weekly report, shipbroker Allied Shipbroking said that “the tanker…
Tanker Market Revival Could Prompt More Ship Acquisitions Read More »