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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…
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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…
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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…
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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…
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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…
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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…
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