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China’s iron ore imports retreated by an additional 1% during 2022. In its latest weekly report, shipbroker Banchero Costa said that “2022 was a rather negative year for global iron ore trade, primarily due to weaker demand worldwide and supply…
In its latest weekly report, shipbroker Gibson said that “the past couple of years have marked an increase in orders of methanol-fueled vessels, particularly in the container segment. AP Moller Maersk is a clear pioneer and a front runner, having…
Shipping is always full of developments and this past week is no different. In its latest weekly report, shipbroker Xclusiv said that “the beginning of 2023 has seen the wet market wobble as the BCTI has lost around 66% within…
The dry bulk market has faced increasing headwinds in these early weeks of 2023. In its latest weekly report, shipbroker Intermodal said that “during the last weeks, the BDI has lost significant ground and has reached levels last seen at…
The Chinese New Year celebrations, currently underway, meant more orders were contracted during the previous days. In its latest weekly report, Allied Shipbroking said that “the final week just before the Chinese New Year celebrations go into full swing seemed…
The ship recycling market has began 2023 in the same “serene” mode it left 2022. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “as we hop towards the end of January, market activity remains distinctively quiet with…
EU imports of diesel-like products will start to be sourced from countries farther away from Russia in a couple of weeks. As a result, the effect on the product tanker market is expected to be profound. In its latest weekly…
With the ban on Russian refined products right around the corner, the “puzzle” of bans to Russian oil and gas imports in the EU is about to be completed. In its latest weekly report, shipbroker Gibson said that “with just…
Dirty freight rates in December fell from elevated levels as activities slowed ahead of seasonal holidays, with losses on almost all monitored routes, OPEC said in its latest weekly report. VLCCs showed the biggest decline on average, with spot freight…
Optimism is still the prevailing feeling in the shipping market, although the start of 2023 could be better. In its latest weekly report, shipbroker Xclusiv said that “as we entered 2023, inflation is still here. Some countries still struggle to…