Clean LR2 LR’s in the MEG had a sharp downturn this, albeit short, week for Baltic Rate publications. The 75Kt MEG/Japan TC1 index lost 23 points to WS169.44. The 90kt MEG/UK-Continent TC20 run to the UK-Continent also shed $275,000 to $4,940,000. West of Suez, Mediterranean/East LR2’s on TC15 had a small tick up to the …
Shipping companies have been the best performing stocks in Europe since the start of 2024, and were set for their biggest weekly jump in years, as the re-routing of vessels following attacks in the Red Sea boosted freight rates. Shippers have avoided the region as a result of attacks on commercial vessels in the Red …
Shipping stocks rise, biggest gainers in Europe at start of 2024 Read More »
The increasing Red Sea crisis may impact trade as it is expected to push shipping costs by up to 60 per cent and insurance premium by 20 per cent, a report by economic think tank GTRI said on Saturday. This conflict could also result in increased shipping costs (40-60 per cent) and delays due to …
Red Sea crisis may push shipping costs by 60%, insurance by 20%: GTRI Read More »
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La naviera registró un aumento del 10% del número de viajeros con respecto al 2022 Para responder al incremento de la demanda, Fred. Olsen Express reforzó el número de viajes, realizando este año un total de 22.000 trayectos Fred. Olsen Express cerró 2023 con más de 3,5 millones de pasajeros, en concreto 3.616.000, y más de …
Fred. Olsen Express cierra 2023 con más de 3,5 millones de pasajeros Read More »
The Baltic Exchange’s dry bulk sea freight index rose on Friday, squeezing its first weekly increase in four, as gains in the capesize segment overshadowed declines in rates for smaller vessels. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, rose 24 points, or 1.2%, to 2,110, on its best …
Baltic index records weekly gain as capesize rates climb Read More »
Clarksons Research have today released their latest annual review of shipping markets, including full year 2023 data points, charting the progress of market developments across another dynamic year for shipping markets. Summarising the annual review Steve Gordon, Global Head of Clarksons Research, commented: “Although our average day rate index, the ClarkSea, fell y-o-y (driven by …
The West of Suez dirty tanker market on Jan. 4 saw a significant jump in Suezmax rates amid a flurry of fixtures for loading in West Africa and the Black Sea, with sources citing a busy US Gulf Aframax market and a tightening tonnage list. The Suezmax market burst into action after experiencing a relatively …
WAF-UKC Suezmax rates jump on firm US Gulf Aframax market, tighter fundamentals Read More »
As the new year turns, the commodities complex finds itself in a state of measured anticipation. ING’s Commodities Outlook 2024 paints a picture of cautious optimism, a nuanced perspective shaped by supportive fundamentals, lingering geopolitical risks, and the tantalising prospect of Federal Reserve easing. Yet, amid this optimism, the shadow of global uncertainties looms large, …
Shipping traffic through the Suez Canal fell 20% between Dec. 24 and Jan. 2 compared to a year earlier, according to the PortWatch platform, after shipping companies began re-routing vessels in response to attacks by Yemen’s Houthis. From Dec. 15, when Maersk became the first shipper to announce diversions, until Jan. 2, the most recent …
Shipping traffic through Suez Canal down 20% due to Houthi attacks- data Read More »
