Long-term contracted ocean freight rates fell by 3.6% in January, according to the latest Xeneta Shipping Index (XSI®) Public Indices. Based on crowd sourced data from leading global shippers, the analysis shows the second consecutive monthly rates dec…
The tanker market isn’t expected to receive any sort of boost from the Chinese market, at least for the foreseeable future. In its latest weekly report, shipbroker Gibson said that “on February 1st China will enter the year of the tiger. 2021 saw total…
China Not a Positive Factor for Tankers at Present Read More »
Capesize The Capesize market looked to have found a bottom by week’s close as rates descended throughout before bouncing back a little at the end. The 5TC weighted average opened the week at $7,390, descended to a low of $5,826 before settling at week’…
Dry Bulk Market: Capesizes Find Bottom Read More »
Container shipping: The container shipping sector looks set to continue its extraordinary profitability cycle in 2022, given the current supply chain logjams and the rising threat of the Omicron variant. We expect the situation to normalise slightly af…
Drewry Maritime Financial Insight – January 2022 Read More »
European Parliament’s Report on the revision of the EU ETS: Greek shipowners welcome the recognition of the commercial operators’ structural role in shipping and for the industry’s decarbonisation and the need for a sector – dedicated Fund. The U…