The Asia outbound market had seen a decline throughout April, largely driven by the shutdown of several sections of China following COVID outbreaks and strict anti-COVID measures. Anecdotally at least, output has dropped between 40-80% with China manuf…
FBX Index May: Looking forward Read More »
An expected boost of refining activity across the globe is expected to boost demand for product tankers in the coming months. In its latest weekly report, shipbroker Gibson said that “in recent weeks, headline refining margins have surged to record lev…
Product Tankers: Growth of Refining Activity Expected to Support Freight Rate Market Read More »
Capesize The Capesize market has made the most of the short working week as rates have lifted strongly, with the 5TC now residing at $24,002 – up $6262 week on week. The positive market sentiment was largely Pacific led yet that didn’t stop the A…
Dry Bulk Market: Capesizes On Higher Ground Read More »
What does Stand.earth’s vision for zero-emissions ocean shipping look like? As a founding member of the Ship It Zero coalition calling on consumer giants Walmart, Target, Amazon, and IKEA to transition to zero-emissions cargo shipping by 2030, St…
Q&A on zero-emissions ocean shipping Read More »
The shipping markets appear to be weathering the storm of a slowdown of the global economy. In its latest weekly report, shipbroker Allied Shipbroking said that “woes continue to mount over the state of the global economy moving forward, further amplif…
Shipping – So Far – Withstands Negative Impact from Trade and Global Economy Slowdown Read More »