Coronavirus: Chinese box rate recovery on hold

With efforts to prevent the spread of the virus extending the post-Chinese New Year cargo lull, the traditional spot rate bounce is on standby. Carriers are responding with unprecedented capacity cuts to limit rate declines. However, analysts warn that port closures and cargo restrictions will heap further pressure on the spot market. Read more

Coronavirus: Chinese box rate recovery on hold

IMO 2020 – lower sulphur means higher freight rates

‘From our discussions with Maritime Strategies International (MSI) and other active participants in the freight market, we now expect a higher uptake of scrubbers. We estimate that 20-25% of the larger Capesize vessels will have scrubbers fitted by end 2020. For the mid-size Panamax vessels, the uptake is lower at 5%.’  Read more

IMO 2020 – lower sulphur means higher freight rates