Dry bulk sailing distances jump 31% for routes using the Panama Canal
“The limits in daily transits in the Panama Canal have significantly affected the dry bulk market, with transits down 74%…
Baltic index hits near 1-month low on weaker vessel rates
The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, slipped to its lowest…
Idan Ofer’s Eastern Pacific ‘squeezes’ product tanker newbuildings out of fully booked shipyard
Shipowner now has eight LR2s booked at Guangzhou Shipyard
Report: Singapore Port Congestion Mounts as Ships Divert from Red Sea
Major carriers have repeatedly warned of the impact the Red Sea diversions are having on their services. In a report…
UK Asks Brokers to Give Up Profitable "Dark Fleet" Tanker Sales
More than a few Western tanker brokers have had a profitable run since the imposition of restrictions on Russia’s oil…
Chinese Coastal Carrier Orders Largest Pure Electric Containerships
China is continuing to push forward with its efforts to develop electric propulsion for shipping. At the beginning of the…
Euro zone consumers lower inflation expectation, ECB survey shows
Euro zone consumers lowered their inflation expectations last month, a fresh European Central Bank survey showed on Tuesday, just as…
China’s overcapacity debate and how to avoid a collision course
The debate on overcapacity is heating up Discussions about China’s overcapacity issue have been ongoing for many years. Most recently,…
BOJ’s underlying inflation measures in April all fall below 2%
The Bank of Japan’s key measurements of underlying inflation in April all fell below its 2% target for the first…
Fed’s Bowman: Would have backed waiting to taper balance sheet run-off
Federal Reserve Governor Michelle Bowman on Tuesday said she would have supported either waiting to start slowing the run-off in…