Freight rates for tanker shipments of Russia's flagship Urals crude from western ports to India, the grade's main market, have surged in August as strong demand for vessels and mounting security risks linked to carrying Russian oil drove up costs…
Container freight rates have continued to climb into July, with Drewry's World Container Index reaching $4,639 per forty-foot container on July 9, its highest level since September 2024, driven largely by rising rates on Asia-Europe trade routes…
Freight rates for tanker shipments of Russia's Urals crude from western ports to India have fallen in July from the previous month as summer season and increased vessel availability eased pressure on the market, according to three trading sources…
The Baltic Exchange, which tracks and assesses freight rates, on Monday proposed amending its methodology on all Middle East benchmarks, citing the escalating geopolitical disruption in the Strait of Hormuz and the wider Middle East region,…
The discount for Russian Urals oil on a FOB basis for cargoes loading from the Baltic port of Primorsk in April narrowed to $15-$17 per barrel versus dated Brent from about $24-$27 per barrel in the second half of March, as falling freight rates reduced costs for Russian sellers…
Freight rates for tankers to ship Urals crude from Russia’s western ports to India have risen this month, as bad weather made fewer vessels available, disrupted loading and unloading and the cost of insuring for war risks increased, industry sources told Reuters on Friday…
Shipping group Maersk reported better-than-expected third-quarter results on Thursday but warned falling freight rates were set to cause losses in its ocean container business during the fourth quarter, sending its shares lower.Maersk, considered a barometer of global trade…
The Baltic Exchange's dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, hit a two-week high on Monday on expectations of higher shipping costs after China pledged to charge additional ports fees for U…
Tanker freight rates for shipping Urals crude from Russia’s western ports to India rose further in late September and early October, tracking a sharp increase in loadings last month, industry sources said.Indian refiners continue to buy Russian oil despite punitive U…
The Baltic Exchange's dry bulk sea freight index rose on Friday, supported by higher rates for larger vessels, but was headed for a weekly loss due to declines across all vessel segments earlier in the week.* The main index, which factors in rates for capesize…
The Baltic Exchange's main sea freight index, which measures rates for ships carrying dry bulk commodities, rose for a third successive session on Wednesday, as gains in the panamax and supramax segments countered a decline in capesize rates…
The Baltic Exchange's main sea freight index, which monitors rates for ships carrying dry bulk commodities, rose on Friday and snapped a four-session losing streak, buoyed by gains across all vessel segments.* The main index, which tracks rates for capesize…
Latest data from Xeneta, an ocean and air freight intelligence platform, shows average spot rates from China to the US West Coast are down 59% since June 1, 2025, at USD 2 268 per FEU (40ft container). Rates have also plummeted into the US East Coast…
Freight rates for Russian oil shipments from the Baltic Sea ports to India have fallen in July-August as more tankers have become available, but this could change if new sanctions are imposed on Moscow, two traders said.The European Union is finalising its 18th sanctions package on Russia…