Demand has picked up in the newbuildiing market, with an increased number of orders being report over the past week. In its latest weekly report, shipbroker Allied Shipbroking said that “it was a week with some very interesting fresh deals in the newbu…
Newbuilding Market Picks Up its Pace Read More »
North American import of containerised goods from the Far East soared to a noteworthy high of 1.62m TEU during February 2021, a 100% increase from the low point of the same month last year. Fuelled by US stimulus, volumes moving on the trans-pacific tr…
North America’s February container imports jump 100% from Far East Read More »
The rapid recovery in earnings for multipurpose vessels is expected to slow from the second half the year as capacity constraints and supply chain disruptions in competing sectors ease, according to Drewry’s Multipurpose Shipping Annual Review & Fo…
Multipurpose earnings rally at risk from overordering in competing sectors Read More »
Lead times for low sulphur bunker stems are shorter in Singapore, Japan and South Korea this week, while supply has tightened slightly in Fujairah. Singapore’s total fuel oil stocks grew by another 2% last week, reaching a four-month high of 23.62 mill…
ENGINE: East of Suez Bunker Fuel Availability Outlook Read More »
The dry bulk market is enjoying its best annual start in a decade, thanks to a big rise in demand and supply chain disruptions. In its latest report, shipbroker Allied Shipbroking said that “with the first quarter of the year having come to a close, we…
Dry Bulk Market in Best Annual Start in a Decade Read More »