- Airline capacity 37% lower than 2019, curbing demand for jet fuel
- India’s coal import decision to reverse 10% YTD drop and add tonne miles
- March retail volumes at 0.0% m/m as EU retail trade stagnates
- Russia-China dirty tanker trade soars 94% y/y after Ukraine invasion
- China’s appetite for bauxite hits new record as Q1 imports jump 15.4% y/y
Iron ore spot freight rates spike 163% to lift Capesize earnings
As the average length of the journey increases, partly due to port congestions in China, soaking up capacity and pushing up spot rates, shipowners will likely be enjoying high freight rates until the end of the year.
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Posted:
29 September 2021
BIMCO's Shipping number of the week
Latest market analysis
- Russia exports slow as war in Ukraine heads into 5th week
- War in Ukraine will hurt growth in all shipping segments
- US trade balance with China improving on higher exports
- Strong domestic demand sees US oil product imports growing
- Tanker shipping - profitability still a way off for loss-making tankers as pandemic drags on
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