Bring on the hurricanes and the typhoons, we need them to boost demand if only temporarily. Especially now where bunker fuel prices are as high as $484 per ton for HSFO and $561 per ton for LSFO in Singapore, making already unprofitable voyages more costly to perform. Splash Extra notices too that...
Heading into the peak season, with capesize freight rates becoming ever more volatile, being at the right place for the right fixture is crucial. Spot rates out of Western Australia are the driver this time, breaking the $20 a tonne glass ceiling, up from $12.5 a tonne a fortnight earlier. At the...
https://splash247.com/identifying-the-roots-of-this-cape-rally/
While wasting too much time down a social media rabbit hole the other day I came across the best line about shipping that I’ve heard for a long, long time. A LinkedIn connection relayed how his father always said that when shipowners start explaining to the world how great shipping markets work and...
$200,000 a day for a boxship charter; $135m for a six-year-old, 6,865 teu vessel – the scorching container shipping sector hit supernova territory in September, albeit finally showing signs of plateauing by the end of the month. Record numbers of ships are waiting to call off the US west coast and...
With containers piled high at ports around the world, especially on the transpacific between China and the US, regulators are keeping an eye on the situation with growing fears that the squeezed supply chains are directly fuelling inflation. However, just how much do today’s sky-high container...
https://splash247.com/are-todays-sky-high-container-freight-rates-fuelling-inflation/
A recent tanker broker’s report commented: “The onset of the stark realization that the Q4 market being the hope and savior of this year is not actually going to come to fruition.” Despite an upturn in rates from absolutely diabolical to simply extremely awful, it is now looking certain that this...
https://splash247.com/shipowners-ought-to-stick-with-what-they-know/