Record high US seaborne exports of coarse grains in March of 9.2 million tonnes took total Q1 exports to 21.3 million tonnes. This is the highest ever first quarter on record and a 120% increase from Q1 2020. Of the total 21.3m tonnes exported so far t…
BIMCO: Tonne mile demand triples as March witnesses US coarse grain madness Read More »
Reefer container freight rates have risen sharply this year but remain far outgunned by the inexorable rise in dry box pricing, according to Drewry’s newly launched Reefer Shipping Forecaster report. Drewry’s Reefer Container Freight Rate Index, a weig…
Reefer container freight rates soar but remain outgunned by dry box rates Read More »
Low sulphur fuels are readily available in key bunker ports around Europe and Africa, while prompt availability of high sulphur fuel oil is tight in the Canary Islands and South Africa. There are no supply issues in ARA ports, other Norther European po…
ENGINE: Europe & Africa Bunker Fuel Availability Outlook Read More »
The demolition market is at a standstill for the time being. The raging pandemic in India and holidays around the world have limited activity to a significant degree. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “various hol…
Lockdowns and Holidays Plague Ship Recycling Activity Read More »
Global shipping emission regulations are set to tighten, albeit slowly, requiring investment in new vessels powered by alternative fuels and increasing operating costs, Fitch Ratings says. This will put additional pressure on the profits and cash flows…
Shipping Emission Rules to Gradually Tighten, Weakening Profits Read More »