After a period with short-term container freight rates reaching record highs on many of the major container shipping trades, long-term rates are now also experiencing a boost. Particularly long-term freight rates between the Far East and the US have ju…
Long-term freight rates to the US jump USD 550 in a day Read More »
Public holidays in China and S. Korea have eroded investment appetite in the newbuilding market over the course of the past week. In its latest weekly report, shipbroker Allied Shipbroking said that “it was another week with limited interest from poten…
Newbuilding Orders Dry Out, But Investment in Second Hand Tonnage Still Rather Active Read More »
The record-breaking VLCC fixtures that occurred during the first half of 2020 seem a lifetime ago. As we approach autumn, following a summer characterized by travel uncertainty, low demand levels and wild fluctuations between optimism that the coronavi…
Transparency, cross-value chain collaboration and public-private partnerships will be crucial to rebuilding the world economy post COVID-19 while addressing long-term challenges such as the climate crisis. Finding a new way forward for global seaborne …
Plenty of ships were sold for scrap over the past week, however, as rates for both the dry bulk and the container markets soared, demolition candidates are bound to diminish in numbers. In its latest weekly report, shipbroker Clarkson Platou Hellas sai…
Demolition Market Activity Could Tumble on Improving Freight Rate Market Conditions Read More »