Clean LR2 LR’s in the MEG continued their downward trajectory this week. The 75kt MEG/Japan TC1 index shed 51.66 points to WS261.67. The 90kt MEG/UK-Continent TC20 run to the UK-Continent dropped consistently through…
The Panama Canal sees no need for further vessel transit restrictions until at least April, when its authority will evaluate water levels at the end of the dry season, Deputy Administrator Ilya Espino…
The rise in dry bulk freight rates during January was far from normal. The current slowdown though, is typical for this time of year. In its latest weekly report, shipbroker Allied Shipbroking said…
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, rose to a four-week high on Friday, steered by higher rates across vessel segments. The overall index, which…
Concirrus, the leading AI insurtech helping commercial insurance clients accelerate their digital strategies, announces that it has helped Concept Special Risks, a full service Managing General Agent (MGA) in the yacht insurance business,…
As we enter in to the third month of escalating conflict in Yemen this has prompted significant rerouting of vessels with far-reaching consequences for global trade and transport and the latest trade data…
Russian oil suppliers have resumed Urals ship-to-ship (STS) operations in the Mediterranean after a six-month pause, data showed, trying to address tanker shortages, traders said. Bad weather and security risks in the Red…
The United Nations’ trade body has cautioned that the rising assaults on ships in the Red Sea are exacerbating challenges for shipping routes already impacted by conflicts and climate change. The combination…
The dry bulk market benefited from an increase in Chinese iron ore imports, most notably an increase in ton-mile demand. In its latest weekly report, shipbroker Banchero Costa said that “2023 was a…
The Baltic Exchange’s dry bulk sea freight index rose on Friday, with a lift from higher capesize rates, but still declined for the week on overall weaker rates across vessel segments. The overall…