Container spot rates on the two big east-west trades are moving in opposite directions, and the Suez Canal explains most of it. Drewry's World Container Index slipped 1% this week to $4,468 per 40-foot container. The drop came from Asia-Europe, where Shanghai to Genoa fell 5% to…
Saudi Arabia is sending crude back through the Strait of Hormuz faster than the workaround can absorb it. The ship-to-ship transfer operations in the…
Drewry's World Container Index slipped 1 percent this week to $4,468 per 40-foot container. The headline move is small. The split underneath it is…
At least four LNG carriers went through the Strait of Hormuz in the past week, two heading out loaded and two coming in empty. One of the loaded…
The container ship orderbook has reached 13 million TEU, the largest ever. That's 38.3 percent of the existing fleet, the highest ratio since the…
