In April’s Logistics Executive Briefing, Drewry flagged the issue of “extreme freight rates” and predicted that spot rates would continue to increase. Three months on, spot rates have jumped by another 70% or so and we expect rates to get close to $20,…
Extreme spot rates heading for $20,000 Read More »
Long-term contracted ocean freight rates continued their ascent through June, although not with the dizzying trajectory witnessed in recent months. May’s 9% surge in prices eased back to a 2.3% gain in June. However, the latest figures, detailed in Xen…
Xeneta Container Rates: Increase Slows, But Still No Relief In Sight For Global Shippers Read More »
Availability of VLSFO and LSMGO is tighter in Singapore, while Fujairah has more readily available supplies of the two grades this week. Singapore’s fuel oil stocks rose by 2% in the week to 30 June, when they stood at 23.95 million bbls, Enterprise Si…
ENGINE: East of Suez Bunker Fuel Availability Outlook Read More »
The dry bulk market is expected to post additional gains in the weeks to come, thanks to a growing list of positive fundamentals. In its latest weekly report, shipbroker Intermodal said that “the strong freight performance since the beginning of year h…
Dry Bulk Market Looking for Next Rally Read More »
Drewry’s latest Container Forecaster report includes huge upgrades for freight rates and carrier profits as market faces extended period of under supply. The latest edition of Drewry’s Container Forecaster finds that 2021 will be the first year in the …
Container Shipping: Who wants to be a (multi) billionaire? Read More »