Xeneta Weekly Ocean Container Shipping Market Update: Spot rates split sharply this week

Spot rates split sharply this week: up 14% into the US West Coast while Asia to Europe falls 5%. Peter Sand on Hormuz transits and last-minute blanked sailings. Peter Sand, Xeneta Chief Analyst: “As the ‘dance macabre’ for all stakeholders within the maritime supply chains continues around the Strait of Hormuz; uncertainty leaves maritime safety …

Xeneta Weekly Ocean Container Shipping Market Update: Spot rates split sharply this week Read More »

AI trade boom offsets Middle East conflict

Global merchandise trade delivered a stronger-than-expected performance in the first quarter of 2026, with surging demand for artificial intelligence-related technologies helping to offset the growing disruption caused by the war in the Middle East, according to a analysis from the World Trade Organization. The WTO said that world goods trade remained remarkably resilient despite mounting …

AI trade boom offsets Middle East conflict Read More »

India bunker fuel demand falls in July on weather disruptions, supply issues

India’s bunker fuel market faced significant supply disruptions in July as adverse weather conditions and barge availability constraints curtailed volumes at key west coast ports, while east coast facilities maintained relatively stable demand, market participants said. Demand remained subdued during the first half of July at major west coast ports including Kochi, Kandla and Mumbai, …

India bunker fuel demand falls in July on weather disruptions, supply issues Read More »

Pacific Basin Reports a US$105 Million Net Profit and Continued Market Outperformance

Pacific Basin Shipping Limited, one of the world’s leading dry bulk shipping companies, today announced the unaudited results of the Company and its subsidiaries (collectively the “Group”) for the six months ended 30 June 2026. Mr. Martin Fruergaard, CEO of Pacific Basin, said: Amid heightened geopolitical disruption, we continued to outperform the market and delivered …

Pacific Basin Reports a US$105 Million Net Profit and Continued Market Outperformance Read More »

Drewry: World Container Index Moved Higher Last Week

For many years, World Container Index (WCI) has been the go-to, independent, global reference for index-linked contracts. If your organisation requires regional visibility/coverage beyond the eight trade lanes provided below, contact the team. Our detailed assessment for Thursday, 06 Aug 2026 • The Drewry World Container Index (WCI), the benchmark widely referenced by procurement teams, …

Drewry: World Container Index Moved Higher Last Week Read More »

Songa Product and Chemical Tankers IV AS v Gardsea Shipping Inc [2026]

The decision clarifies how payment deadlines should be assessed where banking days are defined by reference to multiple jurisdictions. Songa confirms that, absent clear wording to the contrary, the timing of performance is determined according to the local time at the place where the payment obligation is to be performed. Factual background Under the memorandum …

Songa Product and Chemical Tankers IV AS v Gardsea Shipping Inc [2026] Read More »

Incentivizing low-emissions fuels: policy options and trade-offs

Decarbonizing international shipping ultimately requires switching to low- and zero-emissions fuels. However, these fuels remain substantially more expensive than the fossil energy they would replace, partly because the climate damage from fossil fuels is not reflected in their market price. Targeted financial support can help close this gap, but its design determines whether subsidies buy …

Incentivizing low-emissions fuels: policy options and trade-offs Read More »

Scroll to Top