Soaring
-
Marine World
Shippers, Carriers Navigate Soaring Rates Heading Into Contract Negotiations
Long-term container freight rates are soaring as many U.S. shippers begin negotiations over new long term contracts at the Journal…
Read More » -
Maritime News
Tanker Prices Are Soaring, and Shipyards Stand to Benefit
Disrupted trade patterns, tight shipyard availability and a dearth of new deliveries are all driving up prices for crude…
Read More » -
Marine World
Red Sea Ripples: Prolonged Voyages, Soaring Fuel Costs, and Escalating Carbon Emissions Concerns
by John Konrad (gCaptain) South African bunker traders are facing a unique challenge as an influx of ships, diverted from…
Read More » -
Maritime News
Why is Offshore Wind Soaring in China When it’s Struggling in the West?
While the offshore wind industry is struggling with inflation and high interest rates in the West, China's market is soaring.…
Read More » -
Maritime News
Capesize and Panamax Bulker Rates Are Soaring
The Baltic Exchange’s main sea freight index rose to its highest in over three weeks on Wednesday as demand for…
Read More » -
Marine World
OOCL Profits are Surfing the Wave of Soaring Rates and Demand
By Mike Wackett (The Loadstar) – A very strong fourth-quarter 2020 operational update from OOCL is an indicator of the rich vein…
Read More » -
Marine World
Freezing Weather Snarls Asian Port, Sending Energy Prices Soaring
By Bloomberg News (Bloomberg) — China’s coldest winter in decades meant state-owned energy giant Sinopec was desperate to unload heating fuel…
Read More » -
Marine World
Surging Demand to Move Crude Oil Sends Smaller Tanker Rates Soaring
Freight charges to ship oil in Suezmax tankers, which can hold about 1 million barrels, have in some cased increased…
Read More » -
Marine World
Saudi Booking Spree Sends Tanker Rates Soaring
The world’s largest exporter, which began hiring extra ships almost as soon as a pact with Russia to limit oil supplies fell…
Read More » -
Maritime News
Booking Frenzy Sends Tanker Rates Soaring
The cost to transport oil on supertankers soared on Thursday as major producers scrambled to secure vessels to ship more…
Read More »