Tag: Higher
Higher freight rates despite the increase in the volume of ballast ships as demand gradually rises
As September began, freight rates continued to remain firm, as recorded at the end of the summer season. However, the Capesize segment remained under downward pressure. On the other hand, the Panamax and Handysize vessel freight rates showed an upturn. Despite this recent firmness, there are still uncertainties regarding the stability of the market, given…
Carrier reliance on leased container fleet to support higher per diems and cash returns
A downturn in trade and mass disposal of surplus equipment will lead to a 2% contraction in the global container equipment pool in 2023. But a recovery thereafter will drive expansion of the fleet with most of this investment coming from lessors, raising newbuild values, per diems and cash returns. Source: Drewry Container Census &…
Carrier reliance on leased container fleet to support higher per diems and cash returns
Drewry expects the global pool of container equipment to contract by 2% in 2023 as trade growth remains weak and owners dispose of more equipment. In 2023, Drewry anticipates global container handling activity to increase by just 1% to 870.7 mteu. While inflation remains stubbornly high in several economies, it is generally in decline and…
Dry Bulk Market: Capesize Segment Edged Higher This Week
Capesize After a slow beginning to the week, the Capesize market experienced a surge on Wednesday with a rise of over $2,500 in a day on its five timecharter routes average. The week closed at $15,180 with +$3,222 week-on-week. Both fronthaul and trans-Atlantic business were particularly active whilst tonnage in the Atlantic tightened. Solid volume…
