Volatile freight rates are playing a key role in discussions between Greek and European Central Bank (ECB) officials as the deadline for the Europe-wide bank stress tests looms.
Surplus vessel tonnage will continue to put pressure on freight rates in both the dry bulk and container segments, but demand for newbuild offshore vessels is improving, according to Malaysian shipbuilder and operator Shin Yang Shipping Corporation.
Oversupply of tonnage will continue to hit freight rates for the “near term” followed by a sudden leap in demand after delayed projects complete, according to Drewry's latest report.
Clarksons Securities Ltd, the arm of Clarksons which actively brokers Forward Freight Agreements (FFAs) hosted a an afternoon of insightful presentations recently, attended by a group of high level investors, joined by members of New York’s dry bulk shipping communities. Also on hand was a team from Clarksons Capital, with offices in Houston and New York.