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Container Freight Rates: Looking forward

December 8th, 2020|0 Comments

Moving forward volatility remains a key concern, given ocean freight rates continue to sit at historic highs – a result of capacity control, equipment, and volumes. Trans-Pacific routes, at least in terms of price, have [...]

Tankers: VLCCs On the Rise Yet Again

December 7th, 2020|0 Comments

VLCC Rates rose again this week, albeit modestly, which translates into an uplift in time-charter equivalent (TCE) earnings of between 45-50% in the Middle East and West Africa. Rates firmed 2.5 points to WS31 (about [...]

Retrofit highlights the use of LPG as a marine fuel

December 7th, 2020|0 Comments

The world’s first LPG-fuelled vessel has set sail. Powered with Wärtsilä’s customised and reliable Fuel Supply System, the vessel represents a major breakthrough in the search for new ways to reduce marine emissions. BW LPG, [...]

China’s weekly export container shipping index rises

December 7th, 2020|0 Comments

China’s index of export container transport registered growth in the past week ending Friday, according to the Shanghai Shipping Exchange. The average China Containerized Freight Index (CCFI) stood at 1,323.83, up 10.4 percent from a [...]

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