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Xeneta: Average spot rates from Far East to US now fallen below average long term contract rates

Average spot rates from Far East to US now fallen below average long term contract rates. Far East to US West Coast freight rates on 20 March 2025: Average spot rate – USD 2 680 per FEU (40ft container) Average long term rate – USD 2 815 per FEU Far East to US East...

Tankers: VLCC Seesawed Last Week

Clean LR2 MEG LR2’s looked to have reached the top for their current freight spike for the moment. The TC1 75kt MEG/Japan index reached WS166.94 where is paused and is now at WS164.17. A TC20 90kt MEG/UK-Continent assessment climbed to $4.225m then dipped back to...

Iron ore set for weekly loss on caution over China demand prospects

Iron ore futures drifted lower on Friday and were headed for a weekly loss due to mounting concerns over demand prospects in top consumer China amid an escalating global trade war. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) ended...

New shipowners join Bluepool Panamax pool

Castor Maritime and Sea Tribute Shipmanagement are the latest companies to enter vessels into the Bluepool Panamax dry bulk shipping pool. Castor Maritime, a NASDAQ listed diversified global shipping and energy company, has entered MV Magic P (2004 built, 76,453 dwt)....

Dredging sector crucial for the strategic position of the Netherlands and Belgium: Report Warns Of Increasing Chinese Competition

The Dutch and Belgian dredging industry is of strategic importance to the economy, water safety, and energy transition in both countries. This is evident from the new report “Future Scenarios and Strategies for the Dredging Sector in the Netherlands and Belgium”, an...

Wallenius Wilhelmsen releases 2024 annual report, highlighting another record-breaking year

Delivering all-time high, full-year results for 2024, Wallenius Wilhelmsen’s financial performance surpasses its record 2023. In addition, the company continued to deliver for its shareholders, customers, stakeholders and employees. “2024 has been a strong year for...

Xeneta: Average spot rates from Far East to US now fallen below average long term contract rates

Tankers: VLCC Seesawed Last Week

Iron ore set for weekly loss on caution over China demand prospects

New shipowners join Bluepool Panamax pool

Dredging sector crucial for the strategic position of the Netherlands and Belgium: Report Warns Of Increasing Chinese Competition

Wallenius Wilhelmsen releases 2024 annual report, highlighting another record-breaking year

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