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The following reports issued by the US Office of Naval Intelligence are provided to keep members informed of any recent security incidents.
The following reports issued by the US Office of Naval Intelligence are provided to keep members informed of any recent security incidents.
The following reports issued by the US Office of Naval Intelligence are provided to keep members informed of any recent security incidents.
The following reports issued by the US Office of Naval Intelligence are provided to keep members informed of any recent security incidents.
The following reports issued by the US Office of Naval Intelligence are provided to keep members informed of any recent security incidents.
Capesize: The capesize market experienced a dynamic week, with distinct developments in the Pacific and Atlantic regions.
Capesize: Throughout the week, the cape market has displayed remarkable resilience and positivity, defying challenges such as holidays in the Far East.
Capesize: Results from Rio Tinto and BHP disappointed this week, but there was hope that with China reopening it would lead to more cargo.
The airline industry has been hit hard during the COVID-19 pandemic and seaborne jet fuel cargo volumes suffered along with it. In comparison to pre-pandemic levels, available seat kilometres dropped nearly 90% in early 2020.
In 2019, prior to the onset of the COVID-19 pandemic, jet fuel contributed an estimated 8% of oil products’ cargo demand. When travel restrictions were imposed during the pandemic, air travel suffered significantly and jet fuel shipments in 2021 were down approximately 33% compared to 2019. Airlines’ capacity has been on a slow recovery path since bottoming out in April 2020 but remains significantly lower than 2019 levels.
