Tag: fortunes
OSV Market In Complete Turnaround of Fortunes
The OSV (Offshore Support Vessel) is in a state of complete recovery from the lows of the past couple of years. In its latest weekly report, shipbroker Intermodal said that “the OSV market has turned from an all-time low to great earnings in the past 2 years, as investments in the North Sea’s Oil and…
Xeneta: Long-term ocean freight rates plunge by more than 60% in year of decline, but changing fortunes appear imminent
Long-term ocean freight rates slid once again in August, marking the 12th consecutive month of declines for beleaguered carriers. According to the latest real-time data from the Xeneta Shipping Index (XSI®), contracted rates fell 7.8% in August, meaning prices have now dropped 62.7% since this time last year. The world’s busiest routes – exports from…
