The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, inched lower for a second consecutive session on Wednesday, dragged down by weaker rates across all vessels. The index, which factors in rates for capesize, panamax and supramax shipping vessels, was down 17 points at 1,063 points. The ...

As the new year begins, Mette Frederiksen, Head of Research & Insight at Tankers International, shares her perspective on the 2024 market, leveraging insights from the pool’s proprietary fixture data. She also explores how oil and freight dynamics have reshaped the VLCC market over the past year, with predictions for 2025. Reflecting on 2024 At ...

East of Suez VLCC rates jumped as the US crackdown on “shadow fleet” tankers carrying sanctioned oil from Russia and Iran prompted shipowners to seize the opportunity to capitalize on China’s and India’s demand for unsanctioned crude. Platts, part of S&P Global Commodity Insights, assessed the freight rate for the 270,000 mt Persian Gulf-China route ...

Since its establishment in 2000, Seaspan has become one of the world’s leading container-shipping companies. In our interview, former CCO Peter Curtis, a key figure from the start, reflects on key transformations in the maritime industry during this time. He also looks ahead to a future which will be dominated by the question of decarbonization. ...

Nearly 500,000 metric tons of Russian oil products are trapped on tankers hit by U.S. sanctions, LSEG data showed on Wednesday. On Jan. 10, new Russia-related sanctions targeted more than 180 vessels and insurance companies, adding to the impact of similar restrictions imposed by United Kingdom and Europe Union. The vessels under the latest U.S. ...