A national training focused on enhancing port facility security was completed in Aden, Yemen (14-16 January), as part of the EU-funded Regional Programme for Maritime Security in the Red...
LNG freight rates have seen historic lows in the week ended on Jan. 23, in both the Atlantic and Pacific Basins, as ships accumulated due to a limited availability...
Capesize The Capesize market endured a challenging week, with a steadily declining trend across the board. The BCI 5TC shed $2,852 over the week, closing at $8,156. In the...
The maritime industry represents a backbone of global commerce, with approximately 100,000 shipping vessels traversing the oceans at any given time, connecting continents and forming logistical networks. However, in...
Clean LR2 MEG LR2’s plateaued and began to fall back down this week. TC1 75kt MEG/Japan was assessed 31.39 points less to WS140 and heading West on TC20 90kt...
Rates for shipping containers from east Asia and China to the US plunged this week, as did global average rates amid the typical slowdown around the Lunar New Year...
Freight rates for Russian ESPO Blend oil loading from the Far Eastern port of Kozmino have jumped fivefold amid a lack of vessels after fresh U.S. sanctions cut availability...
Sources from at least two major oil tanker companies said Jan. 24 that their fleets have yet to resume transits through the Red Sea, as they await greenlights from...
The United States has clarified to India that tankers loaded with Russian oil have to discharge by Feb. 27 under the latest sanctions targeting Moscow’s oil revenue, India’s oil...
Drewry’s World Container Index decreased 11% to $3,445 per 40ft container this week. Our detailed assessment for Thursday, 23 January 2025 The Drewry WCI composite index decreased 11% to...
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