Petrochemical Producers Supply Chain Survey

Petrochemical Update recently reached out to their extensive network of petrochemical supply chain & logistics purchasing managers to an insight into budgets

Asia-West Africa Trade on Recovery Path

The outlook for the Asia-West Africa trade is improving, but there is much ground still to recover, shipping ...

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Drewry: Crude Tanker Rates to Further Drop in 2018

Following a sharp decline in crude tanker freight rates seen during 2017, the rates are set to further drop in 2018 ...

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Bahri's Earnings Suffer amid Lower Spot Rates

Lower spot market rates in general, and specifically in oil and chemicals transportation, affected the National ...

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Fleet Growth Still a Burden to Suezmax Rates

The Suezmax fleet witnessed a net fleet growth of 9.6% in the 12 months from August 2016, putting more pressure on ...

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Diana Shipping Charters Bulker Trio at Higher Rates

Athens-based shipping firm Diana Shipping has secured charter contracts for three of its dry bulk vessels, the MV ...

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Drewry: Container Carriers Heading to Profit

The majority of container shipping lines lost money in the first three months of 2017, but higher rates and ...

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No Significant Recovery for MPV Rates before 2018

Rates in the multipurpose shipping sector seem to have bottomed out as signs of market recovery emerge after ten ...

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BDI Breaks 1,000 Point Mark amid Rate Growth

The Baltic Dry Index (BDI) has surged on Tuesday, March 7 to a new twelve-week high of 1,033 points, up by 54 ...

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OFE: Asian VLCC Rates to Continue Falling

Very large crude carrier (VLCC) rates on the AG/Japan route tumbled by nearly w10 points within a day to w60 on ...

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Drewry: LPG Shipping Rates to Fall Further in 2017

Although the liquefied petroleum gas (LPG) shipping trade is expected to continue growing on the back of strong ...

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BIMCO: Strong Tanker Freight Market Comes to an End

Lower growth rates for refinery throughput and drawdowns on swollen oil stocks has impacted the seaborne tanker ...

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VLGC Rates Under Pressure amid US Cargo Cancellations

A wave of cargo cancellations from the US is putting additional pressure on Very Large Gas Carrier (VLGC) rates, ...

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Big Volume Shippers Not Enjoying Best Shipping Rates

Big volume shippers are not paying the best shipping rates, according to the findings of Xeneta, an Oslo-based ...

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MSI: Tanker Earnings to See Muted Upside by April

Tanker market earnings should experience a limited upside from current levels by April with time charter rates ...

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Fleet Growth to Push Down LPG Rates in Second Half of 2016

LPG shipping rates are expected to decline from the second half of 2016 as a bloated orderbook for very large gas ...

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Drewry: Asia to Oceania Rates Rebounding

Asia to Oceania rates are picking up again after a mid-year lull as carriers better balance supply with demand, ...

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TSA Lines Propose Increase in Rates

Member shipping lines in the Transpacific Stabilization Agreement (TSA) are recommending phased increase to minimum ...

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Supertanker Rates Top USD 100,000 a Day

Supertankers carrying crude oil from Saudi Arabia to Japan earned USD 104,256 a day on Friday, October 2nd, the ...

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TSA Members Push for Rates Stabilization

Having reported 3% year-on-year first quarter cargo growth from Asia to the U.S., container shipping lines in the ...

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Navios Banking On Cheap Oil

Navios Banking On Cheap Oil

NYSE-listed owner and operator of tanker vessels Navios Maritime Midstream Partners expects to see spot rates for ...

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TSA Members to Increase Rates ahead of Lunar New Year

Anticipating strong pre-Lunar New Year shipments from Asia to the U.S., container lines in the Transpacific ...

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