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Container freight rates take a breather
Container freight rates take a breather. The spike in spot container freight rates has flattened off over the last week. The Drewry World Container Index (WCI,) which has been seeing double-digit percentage weekly increases recently, was up just 1% over the previous week on 11 July at $5,901 per feu. The Shanghai Containerized Freight Index (SCFI) slid 1% to 3674.86 [...]
15/07/2024
Chinese oil demand likely to underpin tanker market in medium-term
Chinese oil demand likely to underpin tanker market in medium-term. Rising oil demand in China is likely to be a key factor in supporting the tanker market in the coming years, according to analysis from New York broker, Poten & Partners. Following a sharp downturn in tanker contracting that saw the orderbook plunge to new lows before tanker owners started [...]
15/07/2024
Singapore port operator says vessel waiting time reduced to two days
Singapore port operator says vessel waiting time reduced to two days. PSA Singapore has been grappling congestion caused by the Red Sea crisis and has been reactivating berths that had been previously been closed down. A combination of longer rerouting of container ships via the Cape of Good Hope to avoid attacks by the Houthi in the Red Sea and [...]
15/07/2024Sustainability logistics, a priority for supply chain
There is a major issue setting the tone among supply chain’s current challenges - achieving sustainable logistics. As is well known, achieving efficiency in the supply chain mainly involves...
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