From under-supplied and extremely costly to balanced and more favourable to shippers, the ocean transport market has shifted in the last 6 months. But what are the key aspects which shippers/BCOs should now consider to take advantage of their improved …
Four priorities to consider for successful 2023 ocean bids Read More »
Shipping and more specifically, tankers, are bound to find themselves at the forefront of EU’s upcoming plans to cover its energy needs ahead of the coming winter. In its latest weekly report, shipbroker Intermodal said that “in view of the forthcoming…
Shipping at the Forefront of EU’s Energy Conuncrum Read More »
The increasing needs of crude oil imports into the EU, sourced from different markets to the Russian one, is bringing producers like Guyana to the foray. This development is already proving to offer a boost in specific tanker classes, like Suezmaxes an…
Suezmax and VLCC Tonnage to Benefit from EU Imports of Guyanese Crude Read More »
Capesize The market continued to lurch its way upward as rates strengthened in flurries with numerous drawdowns along the way. The 5TC closed the week at $18,293 with strong positive sentiment remaining. The Atlantic had several fixtures out of Eastern…
Dry Bulk Market: Capesizes Keep Rebounding Read More »
The world again needs the shipping industry to brave the rough seas of crises, UNCTAD Secretary-General Rebeca Grynspan said on 22 September as she addressed the Global Maritime Forum’s annual summit. Speaking at a New York navy yard dubbed the “can-do…
World needs maritime trade to brave rough seas of crises, UNCTAD chief says Read More »