Several major Container ports on the US East Coast are experiencing elevated levels of congestion, but a few remain relatively free flowing and uncongested. As Container lines reposition services away from the US West Coast, where waiting times hit once in a generation levels over the global Covid-19 pandemic, the strain on East Coast logistics …

Introduction The International Maritime Organisation’s (IMO) attempts at curbing the emissions of Shipping have been in the headlines for nearly a decade. Their flagship policy, EEDI (Energy Efficiency Design Index), has laid the way for a host of acronymic additions to its regulatory roster, including EEXI (Energy Efficiency Existing Index), CII (Carbon Intensity Indicator), and …

Congestion for Dry Bulk Carriers at Rotterdam has soared due to the Russia-Ukraine conflict. Since the outbreak of war in late February, the average waiting time for a Bulker at Europe’s busiest port has often been above the high end of its three year range. But over the seven week period from May 9th to …

Introduction The economic environment for global trade has profoundly shifted in the past year. Recovering demand from the pandemic has collided with supply side constraints in many industries, inflation and interest rates are rising, and the Ukraine war, together with sanctions on Russia have disrupted global commodity flows. Amid the myriad uncertainties, perhaps the most …

Tongues are wagging in the Offshore sector this week, as one of the longest running rumours in the market has finally come true. Tidewater Marine (USA) has acquired Swire Pacific Offshore (Singapore) for USD 190 mil, the company’s biggest powerplay since its acquisition of GulfMark Offshore back in 2018. But why SPO, and why now? …

The Ukraine crisis has sent global gas prices sky rocketing, but there may be bigger forces at work in the seaborne LNG market. While the world awaits developments on pipeline supplies, ship tracking data on seaborne LNG volumes may assuage the worst fears. The European benchmark TTF gas price has risen 135% so far in …

Demand for Clean Tankers has shifted up another gear, as the Ukraine crisis intensifies. As Russian troops amassed at the border with Eastern Ukraine last month and hostilities commenced on February 24th, the MR Atlantic Basket (an average of freight rates on key routes in the Atlantic Basin) climbed steadily from a January 25th low …

Introduction 2021 was a record breaking year for the Maritime industry. The spread of three major Covid-19 variants had substantial repercussions for Shipping: labour shortages, port congestion and volatile oil demand, to name but a few. Responding to the fast changing nature of global trade, the newbuilding orders of 2021 have reflected a world littered …

Introduction and Overview The Shipping markets saw unprecedented volatility during 2021 with time charter rates reaching all time highs in the Container and LNG markets, and decade highs in the Dry Bulk markets, before giving up a large portion of those gains at year end. The Tanker markets have truly been a story of two …

Despite ending a blockade of Ukraine’s Black Sea ports, Russian naval manoeuvres in the early part of February have visibly impacted traffic in the region. Ukrainian officials denounced Russian naval drills off its Black Sea coast last week, saying the presence of warships made navigating the busy trade route “impossible”. Traders were more cautious in …