Capesize dry bulk earnings break record on the back of strong 2021-start
20 April 2021The shipping number of the week provides numbers with a brief analysis of relevant developments in the shipping markets.
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The shipping number of the week provides numbers with a brief analysis of relevant developments in the shipping markets.
The product tanker orderbook to fleet ratio has surged from 5.4% in December 2022 to 9.3% in June 2023, driven by a remarkable 337% y/y rise in contracting during the first half of this year. A spike in freight rates and product tanker demand is likely behind the surge in contracting.
As a result of a rising number of shipments of industrial raw materials such as bauxite, coal and iron ore being transported under COAs, BIMCO is working on a new standard form of contract of affreightment (COA).
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