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Analysis

Multipurpose Time Charter Index Up to $10,487 per day in Nov

The Drewry Multipurpose Time Charter Index tracks one-year period charter rates across a basket of vessel types and sizes and forecasts the market movement...

Top 10 container shipping lines on track for $115-120 billion 2021 profit: Alphaliner

The 10 leading publicly listed container shipping lines are on track to earn a record $115 billion to $120 billion in profit in 2021,...

Asia’s dry bulk pounded by easing congestion, falling commodity prices

After a robust bull run which started in April 2021, dry bulk freight rates across vessel segments have fallen steeply on the back of...

Drewry: Maritime Financial Insight

In 3Q21 and early October, container shipping stocks saw a sell-off triggered by the risk of worsening container ship demand largely due to power...

BIMCO: US soya bean inspections nearly double w-o-w

After a slow start to the US soya bean export season, partly due to disruption from Hurricane Ida, US soya bean inspections ahead of...

Iron ore spot freight rates spike 163% to lift capesize earnings

As the average length of the journey increases, partly due to port congestions in China, soaking up capacity and pushing up spot rates, shipowners...

Record volumes push US container ports up in global rankings: Alphaliner

The busiest US container ports are moving up the global rankings amid record import volumes, but the deluge of cargoes continues to exceed capacity...

Strong domestic demand sees US oil product imports growing

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...

Clarksons Research: Offshore Review & Outlook

The Clarksons Research semi-annual review and outlook of the offshore and energy markets, Offshore Review and Outlook, has been released. While offshore oil and...

BIMCO: Chinese coal imports from Australia drop 98.6% as restrictions bite

In the first seven months of the year Chinese coal imports from Australia have totalled just 780,000 tonnes as Chinese restrictions on Australian coal...

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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...