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SHIPPING NUMBER OF THE WEEK
In the first quarter of 2024, global iron ore shipments rose 3.8% y/y on expectation of strong Chinese steel production which, however, failed to materialise. Iron ore supply has grown faster than Chinese demand which could lead to weaker shipments ahead.
May 2021
All eyes on US gasoline today; will demand exceed 9.2m bpd?
“Fill her up son, unleaded; I need a full tank of gas where I'm headed,” former Police-front man, Sting, sang back in 1999 on his solo album: “Brand New Day”. This country-inspired song could be the anthem for what is coming around next week, as Monday 31 May is Memorial Day in the US; the day that kicks off “the US driving season”.
US West Coast imports exceed 1m TEU in nine out of ten past months
The surge in US container imports continued in April when West Coast loaded imports amounted to 1.10m TEU.
Clean product tanker rates on US bound trade almost doubles after pipeline attack
The closure of the Colonial pipeline which runs from the US Gulf to the US East Coast, has caused a spike in oil product tanker rates on trades to and from the region.
Tonne mile demand triples as March witnesses US coarse grain madness
Record high US seaborne exports of coarse grains in March of 9.2 million tonnes took total Q1 exports to 21.3 million tonnes.
April 2021
BIMCO sees Brazil’s iron ore exports up 14.4% in first four months despite disruption scares
The shipping number of the week provides numbers with a brief analysis of relevant developments in the shipping markets.
Capesize dry bulk earnings break record on the back of strong 2021-start
The shipping number of the week provides numbers with a brief analysis of relevant developments in the shipping markets.
North America’s February container imports jump 100% from Far East
The shipping number of the week provides numbers with a brief analysis of relevant developments in the shipping markets.
March marks turnaround for container sector with record high 45 ULCS ship orders
The shipping number of the week provides numbers with a brief analysis of relevant developments in the shipping markets.
March 2021
Second-hand bulk market heading for record year as 279 ships trade hands so far
The shipping number of the week provides numbers with a brief analysis of relevant developments in the shipping markets.
Scrubber-fitted ships nearly double as fuel spread settles at USD 118 per MT
The shipping number of the week provides numbers with a brief analysis of relevant developments in the shipping markets.
