East Coast spot rates plunge as peak-season imports shift to West Coast
Spot rates from Asia to the US East Coast are dropping faster than in past years as carriers route discretionary…
FBX Index September 2024: Looking forward
Futures prices remained as volatile as their physical rate counterparts in August, which reflects the revised physical market expectations following…
Steady demand for US-bound shipments keeps container prices from crashing
The global container shipping industry continues to witness an increase in freight demand for US bound shipments as 59% of…
Tanker Market: Will Unrest in Libya Have a Larger Impact on Rates?
Libya’s oil production is once again affected by local turmoil. In its latest weekly report, shipbroker Intermodal said that “Libya’s…
Russia’s coal exports to China down 8% y/y in H1, TASS reports
Russia’s coal exports to China fell 8% in the first half of the year from a year earlier to 45.5…
Costamare extends drive to sell smaller bulkers with supramax deal
US-listed shipowner sells one of its oldest vessels, reportedly to Indonesian buyers
KiwiRail Fined $260K for 2023 Ferry Blackout Due to Maintenance Failures
KiwiRail, the operator of RoRo ferries between New Zealand’s north and south islands, was ordered to pay US$266,000 in fines…
QatarEnergy Adds Six More World’s Largest LNG Vessels to Shipbuilding Order
QatarEnergy expanding its shipbuilding order with China State Shipbuilding Corporation (CSSC) for the construction of six additional QC-Max vessels, the…
UK and Mauritius Resume Talks Over Diego Garcia, A Key U.S. Naval Base
The new British government has resumed talks with Mauritius on the future of Diego Garcia in the Indian Ocean, the…