Ports left and right are starting to feel the impact of the supply chain crisis and are showing signs of congestion and long unloading times. One of the latest “victims” appears to be Felixstowe Port in Suffolk, UK, which is starting to divert containe…
UK’s Felixstowe Port Crisis is Yet Another Sign of a Collapsing Supply Chain Read More »
Wet tonnage has been feeding towards the demolition market over the past few weeks. In its latest weekly report, shipbroker Allied Shipbroking commented that “the tanker units were once again in the spotlight of the ship recycling market, with owners t…
Tanker Tonnage Gaining More Ground in the Demolition Market Read More »
With the European Union’s carbon trading scheme expected to include shipping from 2023, shipowners should review their contractual arrangements in good time to ensure the liability for the cost of compliance is properly addressed, says North P&I Cl…
Navigating decarbonisation: understanding the EU-ETS Read More »
Will freight rates on Asia-Europe or the Transpacific reach 40.000 USD/FFE in the run-up prior to Chinese New Year 2022? Or will they start dropping already now and be back to a more normal level of 2-3.000 USD/FFE by February? These are extremely impo…
FBX Index: The impossibility of short-term forecasting Read More »
An increased crude oil production in the U.S. could offer additional support to the tanker market. In its latest weekly report, shipbroker Gibson said that “US crude production has averaged this summer some 600,000 bpd above the level seen in summer 20…
Rising US Crude Oil Production Expected to Help the Tanker Market Read More »