April has delivered a shock to the system for long-term ocean freight rates from the US to the Far East, with significant falls on both East Coast and West Coast routes. The surprise development, revealed by Oslo-based Xeneta’s weekly market update, sh…
Long-term container rates plummet on key US to Far East routes Read More »
Investments in the newbuilding and S&P markets have been largely steady over the course of the past week. In its latest weekly report, shipbroker Intermodal noted that “SnP activity remained strong for yet another week, with buyers in the tanker re…
Shipping Investments on Steady Pace for Both Newbuildings and Secondhand Vessels Read More »
Shipping has a vital role to play in post pandemic recovery for the EU but must not be ignored in reforms to the bloc’s trade policy, said speakers at the latest Leadership Insights Live. Underscoring the importance of the EU to global maritime trade, …
The Role of Maritime Trade in the Post-COVID Recovery – Europe Focus round-up Read More »
The Board of Directors of BIMCO has approved the organisation’s updated greenhouse gas (GHG) position statement, elaborating on who it believes should pay for carbon pricing and warning that excessive retroactive measures could have negative unintended…
BIMCO publishes updated greenhouse gas position statement Read More »
The dry bulk and tanker market fortunes are locked in opposite directions. The tanker market seems to be in a positive momentum, while the trend in the dry bulk market seems to be downward. In its latest weekly report, shipbroker Allied Shipbroking sai…
Tanker and Dry Bulk Markets In Opposite Directions Read More »