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...
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...
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%...
Fri, 24 Jun 2022 21:00:59 +0000 China’s slowdown has had a negative impact in Brazil’s iron ore exports. In its latest weekly report, shipbroker Banchero Costa said that “global iron ore loadings in the full 12 months of 2021 were up +0.7% y-o-y to 1,555.3 mln t,...
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...
Sun, 26 Jun 2022 21:00:59 +0000 Smaller tanker sizes, like Aframaxes and Suezmaxes are expected to be the main beneficiaries of Europe’s shifting of its oil imports. In its latest weekly report, shipbroker Gibson said that “in recent months triple digit oil prices...
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