For almost three months now, the spot freight rate for containerised goods shipped by sea from North Europe to the US East Coast has been 210% higher than last year (1 July – 23 Sept). It wasn’t until 1 April 2021 that we saw the ripple effects from th…
Transatlantic container shipping spot rates jump 210% on last year Read More »
Environmental, Social, and Governance, or ESG, should be “very much on your agenda now” if you have any involvement in the shipping industry; a lack of clear reporting targets is not an excuse for inaction. A discussion hosted by Ince during London Int…
ESG must be on shipping agendas Read More »
Bunker fuel oils are in tight supply in New York, and lead times have gone up after weather disruptions in Zona Comun. Supply of VLSFO, and especially HSFO380, has been tight in New York. Lead times of 5-7 days are recommended to ensure supply in the U…
ENGINE: Americas Bunker Fuel Availability Outlook Read More »
The tension in the relationship between Australia and China, already evident since the start of the pandemic, hasn’t abated until now. On the contrary, it seems to be worsening, which in turn, is causing an upset to regular dry bulk trade patters. In i…
Dry Bulk Trading Patterns Shifting Read More »
Recovering demand for US oil products has caused a 25.9% rise in US seaborne imports of oil products in the first seven months of 2021 compared to 2020, with imports so far this year totalling 26.1m tonnes. The highest increase has been recorded from t…
Strong domestic demand sees US oil product imports growing Read More »