Capesize values continued to soften over the course of December with the most dramatic fall seen in 15 year old Capes of 180,000 DWT, down by c.3.4% from USD 20.09 mil to USD 19.34 mil. Sentiment for the Capesize sector has been marred by concerns over…
Capesize values softened in December 2022 Read More »
Record global petroleum consumption is on the cards for 2024, according to the U.S. Energy Information Administration’s first forecast for this year. In its latest Short-Term Energy Outlook (STEO), the EIA forecasts that global liquid fuel consumption …
Global oil demand returns to growth trajectory Read More »
The popularity of LNG tankers among newbuilding orders is rather evident over the past few weeks. In its latest weekly report, shipbroker Allied Shipbroking said that “December closed and the new year began with activity similar to that of the previous…
LNG Tankers Most Popular Among Newbuilding Orders Read More »
In a stark display of the weak demand undermining the containerized ocean freight industry, the latest data from Xeneta reveals carriers blanked more than six times the number of sailings on the main Asia to US West Coast corridor leading up to Chinese…
Chinese New Year fails to bring joy for carriers, as blank sailings soar Read More »
The almost exclusive use of online facilities to process business transactions allows a myriad of fraudulent pursuits to find opportunities within the complexities of the global supply chain. These have many manifestations; from payment fraud that invo…
Fraud is the biggest threat to cargo losses Read More »