Shipowners are enjoying a cash-rich period despite coronavirus challenges and continue investing in new vessels. The post BIMCO: 381 boxships ordered worldwide in 2021 appeared first on Offshore…
https://www.offshore-energy.biz/bimco-381-boxships-ordered-worldwide-in-2021/
Chart of the Week: Flatbed Outbound Tender Reject Index – USA, Institute of Supply Chain Management – Purchasing Managers Index SONAR: FOTRI.USA, ISM.PMI
The transportation sector responsible for moving raw materials and manufactured goods throughout the U.S. has hit the proverbial ceiling, meaning the freight market cannot get much tighter than it already has without a structural expansion. The national Flatbed Outbound Tender Reject Index (FOTRI) that measures flatbed truck capacity plateaued...
https://s29755.pcdn.co/news/transportation-sector-boom-has-become-self-limiting
The orderbook of South Korean shipbuilding giant Korea Shipbuilding & Offshore Engineering (KSOE) continues to grow with two additional very large crude carriers (VLCCs). The post KSOE wins…
https://www.offshore-energy.biz/ksoe-wins-order-for-vlcc-pair/
Anthony and Zach discuss what to make of the subtle increase for the May PMI and orders, while domestic freight volumes surge. Also, produce season pushes agricultural rates over 2019.
https://s29755.pcdn.co/news/are-production-numbers-lagging-or-leading-the-freight-markets-recovery
The workboat world is embracing outboard engines today more than it has in the past. More patrol boats, support vessels, special military crew carriers, and other boats that used to rely on small to midsized inboard diesels are moving to outboards.
Safety and convenience are the major reasons for the shift. If an engine has to be changed out, for example, it’s much easier to replace an outboard than an inboard engine. Or if an engine fails in hostile waters, there is more than one outboard...