Tag: freight rates

According to Xclusiv Shipbrokers, VLCC insurance has jumped to 0.70-0.80 dollars, with freight rates escalating sharply too due to the Israel-Iran conflict. 

BIMCO's Chief Shipping Analyst, Niels Rasmussen, looks at the recent 24% jump in crude tanker loadings by OPEC countries.

UNCTAD on its latest report "Trade and development foresights 2025" provides an assessment of global economic prospects for 2025.

BIMCO released its Container Shipping Market Overview & Outlook March 2025, highlighting shifts in US policy that fuels market uncertainty.

According to Xeneta, the Middle East ceasefire and the Lunar New Year are expected to drive further declines in freight rates in February.

Peter Sand, Chief Analyst, Xeneta, explains that the return of container ships to the Red Sea will bring chaos and collapsing freight rates.

DP World's Deputy Chief Executive stated that ships not linked to Israel could begin returning to the Red Sea in as little as two weeks.

According to Drewry, container rates from East Asia and China to the US dropped this week as carriers reduced rates to boost pre LNY demand.

U.S. imports from China ended the year on a high note, as some companies stocked up on shipments in light of Trump's proposed new tariffs.

According to Alphaliner data, demolition sales of container vessels in 2024 drop by half compared to 2023.