Opinion

May 14, 2021

Clean product tanker rates on US bound trade almost doubles after pipeline attack

The closure of the Colonial pipeline which runs from the US Gulf to the US East Coast, has caused a spike in oil product tanker...

May 6, 2021

BIMCO: Tonne mile demand triples as March witnesses US coarse grain madness

Record high US seaborne exports of coarse grains in March of 9.2 million tonnes took total Q1 exports to 21.3 million tonnes. This is the...

April 20, 2021

Global Container Freight Rates to Moderate as Ship Orders Rise

Global freight rates will remain high in the short term, but will moderate in the longer term once shipping supply-chain disruptions are cleared and more...

April 16, 2021

BIMCO: Longer sailing distances cushion fall in US crude oil exports

Tonne mile demand generated by US crude oil exports has fallen by 9.7% in the first two months of 2021 compared with the start of...

April 13, 2021

Akti Miaouli Newspaper – March 2021 Edition

The March 2021 edition of Akti Miaouli newspaper features a special analysis of the dry bulk market, focusing on S&P by sector and the dominance...

April 9, 2021

Pieces of the changed Eastern coal market puzzle fall into place

The Chinese ban on coal imports from Australia has shaken up coal trades in the east. In the absence of Australian coal exports to China,...

April 8, 2021

March marks turnaround for container sector with record high 45 ULCS ship orders

In March, orders for 45 Ultra-large containerships (ULCS, 15,000+ TEU) were placed, breaking a record on its own. (more…)

April 5, 2021

Drewry: World Container Index 220.2% Higher Than Last Year

The composite index inched up 0.2% or $12 this week, and also, remains 220.2% higher than a year ago. (more…)

March 18, 2021

China’s one-sided recovery drives iron ore market back up

In the first two months of 2021, Brazilian iron ore exports have risen by 9.1% to 53.0m tonnes, driven by China. So far this year,...

March 17, 2021

LNG charter rates drop to record lows

S&P Global Platts reports daily LNG tanker charter rates have dropped to an all-time low of $25,000/d for an Atlantic Basin tanker just two months...

March 12, 2021

2021 crude oil tanker demolition stalls as second-hand prices win

The year 2021 has been tough on crude oil tanker freight rates across the board so far. Consequently, the industry buzz has been all about...

March 4, 2021

US crude oil production takes 1.1m bpd hit due to snowstorm

The snowstorm that hit Texas in the middle of February caused a 1.1 million barrels per day (bpd) drop in US crude oil production between...

February 25, 2021

Tanker shipping: Tough year ahead as virus mutations & slow vaccine rollout hampers recovery

After a turbulent year, low demand looks set to plague the market in the coming months combined with too many ships fighting for too few...

February 25, 2021

Container shipping: Continued disruption will ensure carrier profitability well into 2021

After a down and up year in container volumes, the current logjams in the system and unbalanced trades will take months to resolve, allowing carriers...