Digital valve management: faster, safer and less wasteful

Fri, 24 Jun 2022 21:00:58 +0000 Valve maintenance is an essential element in ensuring seaworthiness: without the right valves, in good condition, a vessel is not fit to sail. In these circumstances, owners and operators can rapidly lose valuable operational time while...

China’s seaborne import of Russian crude jumps 51.4% in May

Thu, 30 Jun 2022 21:00:58 +0000 China’s crude oil imports have doubled from 2011 to 2021 and now account for 20% of global seaborne crude oil volumes. While China’s January to May 2022 seaborne crude oil imports are down 2.2% y/y, a 51.4% m/m boost in imports from...

Xeneta: Long-term shipping rates shrug off uncertainty to rise again

Thu, 30 Jun 2022 21:00:57 +0000 It’s been another bumper month for long-term contracted ocean freight rates, as the cost of securing container shipments climbed by 10.1% in June. Following on the heels of a record 30.1% hike in May, this now means rates stand 169.8%...

Dry Bulk Market: Coal Imports Making Their Way Into Europe

Fri, 01 Jul 2022 21:00:59 +0000 In a clear sign of the turbulent times we’re experiencing, coal imports have began making their way into Europe with more cargoes entering the EU market. It’s a response to the scramble to offset the losses of Russian gas. In its latest...