Wednesday, February 1, 2023
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Dry

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Dry

Intermodal Weekly Market Report [W04]

In a market where LNG spot prices follow a downward trajectory since late December, period charter rates for LNG vessels are also marginally retreating...

Intermodal Weekly Market Report [W03]

During the last weeks, the BDI has lost significant ground and has reached levels last seen at the summer of 2020...

Intermodal Weekly Market Report [W02]

From Feb 5, another price cap will be introduced to Russian fuels and oil products, adding to the one for crude oil, already in...

Intermodal Weekly Market Report [W39]

Amid the looming western sanctions on Russia, the country is challenged to pivot its energy markets away from Europe and toward the East...

Intermodal Weekly Market Report [W38]

This week, focus turns to the 38th APPEC Conference, where leading professionals from the global oil industry will discuss the future key drivers of...

Intermodal Weekly Market Report [W37]

In view of the forthcoming winter, Europe is trying to escape from its energy (oil & gas) dependency from Russia to ensure energy abundance...

Intermodal Weekly Market Report [W36]

While the Organization of Petroleum Exporting Countries and its allies agreed on a 100,000 b/d output cut last week, oil flows are in the...

Intermodal Weekly Market Report [W34]

Scorching temperatures and extremely dry conditions during the Northern hemisphere summer have been drying crops...

Intermodal Weekly Market Report [W33]

The water level at Rhine River crucial waypoints (mainly Kaub, Cologne, and Duisburg) has recently dropped to season-record lows, causing major delivery disruptions of...

Intermodal Weekly Market Report [W30]

Amid Europe’s effort to cut its dependence on Russian gas, LNG has currently become the most geopolitically important fuel...

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Latest Articles

Finance & Economy
Shipping News
Ports

Wartsila: A challenging year with strong annual growth

HIGHLIGHTS FROM OCTOBER–DECEMBER 2022 Order intake decreased by 24% to EUR 1,638 million (2,150)Service order intake increased by 6% to EUR 791 million (747)Net sales...

Hapag-Lloyd achieves extraordinarily strong result in its anniversary year 2022

On the basis of preliminary and unaudited figures, Hapag-Lloyd has concluded the 2022 financial year – in which it celebrated its 175th anniversary –...

Bahri sees profits soar in 2022

Saudi Arabia’s Bahri has seen its profits soar by over 400% in 2022 following a boom in tanker rates, boosting the shipping giant’s oil...

Euronav Files Second Arbitration Against Frontline

Euronav NV hereby informs its shareholders that on 28 January 2023 it has filed an application request for arbitration on the merits in relation...

Oaktree looking at block sale of existing shares in Hafnia Limited

OCM Luxembourg Chemical Tankers S.à r.l. which is ultimately controlled by funds managed by Oaktree Capital Management L.P. (the "Seller") has retained Fearnley Securities,...

Baltic index logs worst month in 3 years

The Baltic Exchange’s main sea freight index registered its biggest monthly percentage fall in...

Baltic index snaps 9-day losing streak as panamax, supramax rates rise

The Baltic Exchange’s main sea freight index snapped its nine-session losing streak on Tuesday,...

Cyprus shipping making waves – report

Cyprus shipping, the steady driver of the economy, is sailing for better times, having...

Baltic index hits fresh multi-year lows on capesize dip

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk...

Baltic index falls for seventh session on lower capesize demand

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk...

Port of Long Beach Closes 2022 with Second-Busiest Year

The Port of Long Beach marked its second-busiest year on record by moving 9.13 million twenty-foot equivalent units in 2022, allowing for a return...

Hapag-Lloyd AG acquires share in J M Baxi Ports & Logistics Limited

Hapag-Lloyd AG signed a binding agreement today under which it will acquire 35% of J M Baxi Ports & Logistics Limited (JMBPL) from a...

Nigeria opens ‘game changer’ billion-dollar deep seaport

Nigeria opened a billion-dollar Chinese-built deep seaport in Lagos on Monday, which is expected to ease congestion at the country’s ports and help it...

SC Ports handles nearly 3 million TEUs in record 2022

South Carolina Ports had a record 2022 with the most containers ever handled at the Port of Charleston. SC Ports moved nearly 2.8 million TEUs...

January oil loadings from Russia’s Baltic ports set to jump 50% vs Dec

Urals and KEBCO crude oil loadings from Russia’s Baltic ports of Primorsk and Ust-Luga in January are set to rise by 50% from December...