Singapore battles port congestion as Red Sea crisis snarls container traffic
Congestion is unlikely to ease any time soon, amid the rising demand from the US and Europe, coupled with an early peak season, analyst says
Source: lloydslist.com
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Panama Canal increases maximum draught ahead of schedule
More transit slots have been available since May 16 as the start of the rainy season eases water shortage fears
Source: lloydslist.com
Disruptions continue to drive tanker demand
Geopolitical disruptions account for the bulk of growth in 2024, but this could reverse if trading patterns return to normal next year.
Source: lloydslist.com
Week in charts: Transatlantic is left out of spot rate rally | Military drills test nerves| IRS chief defends classing Russia-trading dark tankers
Spot rates for US containerised imports from Europe are falling far behind rates from Asia, China military drills around Taiwan remind traders of potential risks, and the head of the Indian Register of Shipping defends classing dark tankers
Source: lloydslist.com
Boxship charter market booms as supply remains tight
The early peak season has caught carriers by surprise. Tonnage providers are reaping the benefits
Source: lloydslist.com