With Russian oil heading eastwards, the West is looking at all possible avenues to boost oil supply. To this extent, Iraq can, perhaps, play a major role. In its latest weekly report, shipbroker Gibson said that “whilst many members of the OPEC+ group …
Can Iraq Help Alleviate Oil Supply Issues and Stabilize the Market? Read More »
The shipping industry has made great strides on its journey to digitalisation over the past two years, prompted in part by the Covid-19 pandemic. A report by Inmarsat[i] last year said that Covid-19 was a “universal disruptor and catalyst for digital t…
Why ‘good’ data is the key to automation Read More »
Capesize The Capesize market began the week at the summit of the recent rally. This necessitated a breather before sentiment strengthened, helping it to push up throughout the week and marking new highs for the year. The Capesize 5TC rose +$4,805 over …
Dry Bulk Market: Capesizes On the March For Yet Another Week Read More »
Ship prices in the dry bulk segment seem to have inflated considerably over the past 12 months, with increases in the larger segments, in particular, not being supported by market fundamentals. In its latest weekly report, shipbroker Allied Shipbroking…
Dry Bulk Carriers’ Prices Up by 85% on Average Since the Start of 2021 Read More »
Drewry consultants warn that the latest disruption of the global container system will see things worsen for BCOs before a partial improvement. The Chinese lockdowns are hitting a global container distribution system that is already severely stressed a…
Shanghai lockdown sees fewer vessel calls… and stores up future problems Read More »