Tag: Times
Downward revision of the number of MR ships, but still longer waiting times in the south
In the second week of October, the VLCC MEG-China route is trending upward. However, the sustainability of this positive trend remains uncertain due to mounting concerns stemming from geopolitical tensions that are casting a shadow over the energy sector. Notably, Israel’s conflict with Hamas has ignited apprehensions of a potential surge in oil prices, with…
Like clockwork: Why vessel turnaround times are so important
Container ports in the Middle East and East Asia dominated the most recent Container Port Performance Index (CPPI) report, which highlighted the importance of both regions to the foundation of global trade and the manufacturing supply chain. Produced in collaboration with the World Bank Group and S&P Global Market Intelligence, the third edition of the…
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Enabling Smooth Payments for Seafarers During Times of Crisis
Just as the maritime industry underpins global trade, seafarers across the world ensure that the shipping sector remains afloat. Since international voyages can span weeks or months, employees on ships often don’t return home for long periods. Receiving wages promptly is crucial to sustaining their livelihoods and supporting their families. In the decades marked by normalised globalisation, this…
