Global oil freight rates rocket as U.S. sanctions tanker units of Chinese giant COSCO
Key oil freight rates from the Middle East to Asia jumped nearly a fifth on Friday, with the global oil shipping market spooked by fresh United States sanctions on units of Chinese giant COSCO for alleged involvement in ferrying crude out of Iran.
Container freight rates slump 4.2% in April
Container freight rates fell 4.2% in April to their lowest level since June last according XSI Public Indices...
China’s coastal bulk freight index edges up
China’s coastal bulk freight market saw a overall demand growth last month, according to the Shanghai Shipping Exchange (SSE).
Freight fuel market moves back towards balance
The market for freight fuels is moving close to balance, after tightening significantly in 2017 and the first...
Dry bulk FFA market: Tipping point for freight market to end the bull run
The Baltic Dry Index (BDI) was off to a good start this week as the index pushed toward the 1,740 readings, thanks to the positive market sentiments from the higher freight derivative markets.
Dry bulk FFA market: Freight market hit by World Cup lull
Freight market is showing much lethargy this week, which is similar to the week before as the shipping activities slowed down in June.
International Grain Future Freight (May.14- May.18)
Week 20, 2018 (May.14- May.18), the International Grain Future Freight (IGF) reported the Panamax forward freight rate of U.S. Gulf-Tianjin route (soybean) from Oct. to Dec. in 2018, and the trend is shown in the chart below.