Christmas has come early for the shipping lines with peak season arriving ahead of its usual scheduled slot in August to September. Rate levels tell their own story as demand and congestion have seen rates leap to over 350% higher in some trades...

With stakeholders facing wildly varying terms for finance availability across shipping, Wikborg Rein’s Beatrice Russ highlights the common factors to keep in mind.

Chinese shipbuilder Yangzijiang Shipbuilding announced a record orderbook value of $16.1bn, conmprising 193 vessels to be delivered by 2028, totalling 7.45m gt.

Increasing costs of fuel will mean that larger ships will become even more sought after in the future with economies of scale and cost reductions intensifying these key battlegrounds for vessel operators.

Global offshore and marine engineering group, Seatrium Limited, has landed a S$11bn ($8.16bn) deal with Petrobras for the newbuild supply of two high-capacity Floating Production Storage and Offloading platforms (FPSO).

The world’s second busiest container port at Singapore has seen a major spike in congestion, forcing carriers to stretch charter agreements and to build container fleets in preparation for an elongated peak season.

The latest addition to Proman Stena Bulk fleet will use a 20% blend of biomethanol on its maiden voyage out of Singapore.