Long-term box freight rates continue to climb but are finally showing signs of coming under pressure. Data from online platform Xeneta shows that long-term rates increased 4.1% in August, standing […]
As we discussed previously, China’s heat wave and power cuts had been likely to subside by the end of this month, and at present temperatures and availability of power have […]
Product tanker owners may be about to enjoy record rates as the upcoming European ban on Russian oil turbocharges the sector. Clarksons Securities believes capacity utilization for clean carriers has […]
London-listed Taylor Maritime Investments (TMI) is making a takeover offer for Grindrod Shipping that values the Singapore and Nasdaq-listed bulker owner at $494m. Taylor Maritime, which already holds a 26% […]
The UK is providing six underwater mine hunting drones to Ukraine to help detect Russian mines in the waters off its coast. The lightweight autonomous vehicles are designed for use […]
Handysize bulkers saw their lowest rates in more than 18 months on Tuesday, thanks to a weakening market in the Atlantic basin. The Baltic Exchange’s Handysize 7TC, a spot-rate average […]
Container spot freight rates witnessed their steepest fall since the start of the pandemic this week as the Shanghai Containerized Freight Index plunged by more than 8%, losing 275 points […]
The reeling capesize bulker market reached its lowest point since May 2020 on Friday after another week of spiraling downward, but China may have provided hope for some sort of […]
Onomichi Dockyard has reportedly struck separate newbuilding deals for up to five 40,000-dwt bulk carriers through a new top-heavy payment scheme. The deal is indicative of a structure involving a […]
The only way is up for the capesize bulker market, according to the chief executive of shipowner Golden Ocean Group. Ulrik Andersen told TradeWinds that there are plenty of reasons […]
