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Dry bulk quarterly: High commodity prices, volatile bunkers arrest freight demand

The seasonality that typically dictates dry bulk freight price movements in the second quarter is likely to take a back seat this year to the challenges being posed to the spot market by volatile bunker prices, high commodity prices and disruptive geopolitical events. Dry bulk freight spreads between different ship sizes flipped considerably in Q1 …

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The Clydebank declaration: green corridors kickstarting the adoption of long-term solutions

The Clydebank Declaration was launched at COP26 in November 2021 with initial supporters including Australia, Belgium, Canada, Chile, Costa Rica, Denmark, Fiji, Finland, France, Germany, Ireland, Japan, the Republic of the Marshall Islands, the Netherlands, New Zealand, Norway, Sweden, the UK and the US. The governments of Morocco, Italy and Spain have since signed the …

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Weather delays, closed gasoline arb slows USGC clean tanker tonnage replenishment

Weather delays at major East Coast Mexico products ports and a challenging gasoline arbitrage on the 37,000 mt UK Continent-US Atlantic Coast route stand in the way of loading clean petroleum products on the US Gulf Coast and transporting them to the current high demand regions in South America and across the Atlantic. A week-long …

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Container shipping at the crossroads: The big unwind or party on?

Is faltering consumer demand curbing imports, allowing port congestion to finally ease, releasing container-ship capacity and causing ocean spot rates to sink? Is this the beginning of “the big unwind”? Or does waning West Coast port congestion stem from temporarily lower exports out of China due to COVID lockdowns, combined with a congestion shift toward …

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