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SHIPPING: Asia-US container rates surge as port strike deadline looms; tanker rates flat to softer

Rates for shipping containers from Asia to the US surged this week as the deadline to avoid a strike at US Gulf and East Coast ports nears, while rates for liquid chemical tankers were flat to softer as ship owners await contract nominations. CONTAINER RATES Global average rates for shipping container rose by 3% this …

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LNG shipping poised for further normalisation in 2025

Drewry expects LNG shipping to normalise further in 2025 as fleet growth continues to outpace liquefaction build-up, preventing any recovery in rates. Although demand will recuperate, erratic weather conditions, LNG prices, competition from other sources of energy and efforts towards carbon neutrality will dictate the LNG appetite, with demand varying regionally. Moreover, global LNG supply …

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Trade tales of the US: Impact of the new presidency on dry bulk commodities

Drewry expects volatility in trade to rise, impacting coal and grain trades when Donald Trump takes charge of the White House. Analysis of the trade tensions during 2016-20 sets the foundation for a renewed focus on the imposition of tariffs and bilateral relations between the US and China and US-Iran. While diversification of trade partners …

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Maximising Fuel Efficiency Across Different Sailing Phases

Understanding varying fuel consumption patterns Different sailing phases – open sea, coastal transits, port approaches, and manoeuvring – exhibit distinct fuel consumption patterns. A one-size-fits-all approach to fuel efficiency is inadequate because factors like speed, weather conditions, and navigational constraints impact each phase differently. During open sea voyages, ships can optimise speed for fuel efficiency …

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