global financial crisis

The Best Q1 Since 2008 in Shipping Industry

  • Shipping has enjoyed its best Q1 since before the global financial crisis, with the second quarter on track to post equally high gains.
  • The ClarkSea Index, containership and gas carrier earnings managed by Clarkson Research Services, averaged $17,461 a day in the first quarter.
  • It is the best Q1 average since 2008, prior to the collapse of Lehman Brothers.

A Splash 247 news report by Sam Chambers highlights that shipping celebrates best Q1 since 2008.

The story of first quarter

In the first...

https://mfame.guru/the-best-q1-since-2008-in-shipping-industry/

Time Charter Rates More Than Triple In Two Weeks

Time-charter rates for Panamax and post-Panamax dry bulk ships were heard fixed in the market at $100,000/d or more Feb. 16, causing a stir among market participants, says an article published in S&P Global.

Low Levels of Spot Tonnage

Freezing temperatures across Europe have driven up coal demand on mid-sized dry bulk ships in recent weeks, and low levels of spot tonnage — especially of ice-class ships — have seen time-charter rates spike to levels not seen since before the 2008 global financial...

https://mfame.guru/time-charter-rates-more-than-triple-in-two-weeks/

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