Busy Ocean Freight Market Continues With No Predicted End In Sight

The unpredictable levels of containerized cargo movement that have driven freight rates sky-high will not likely end [..]

Tanker Market Starts the Year on a Positive Note

The tanker market entered 2021 with renewed optimism, despite estimates of the opposite following 2020 data.

I [..]

Container Ships Suffer Record Delays

According to Copenhagen-based Sea-Intelligence, average global carrier schedule reliability across 34 trade lines fel [..]

IATTC Agrees to Rollover Tropical Tuna Quotas to 2021

The Inter-American Tropical Tuna Commission (IATTC) held a special session on Dec. 22 and agreed to a rollover of its [..]

Clarity is Still Lacking For Ship Owners After IMO Meeting

After an inconclusive meeting last week at the International Maritime Organization (IMO), ship owners still have to c [..]

Cost of Crew Change Skyrockets Due to Pandemic

As predicted, the ongoing COVID-19 pandemic is driving up the cost for crew changes. With airfare costs on the rise a [..]

Will 2021 Be Better for Shipping?

As major shipping companies prepare to release their Q3 results, there are very few alarm bells ringing that the indu [..]

The Bunker Market Is Under Pressure As Prices Creep Lower

High uncertainties regarding COVID-19 and the economic recovery continue to weigh on the fuel market and global bunke [..]

The Future of Cruising: Latest Look At When the Major Cruise Lines Plan to Restart Service

While some of the world’s largest cruise lines are already back in service following the COVID-19 pandemic, some ar [..]

OPEC Raises 2020 Oil Demand Forecast

Crude Oil Price Movements

After four consecutive months of gain, spot crude prices settled signi [..]